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West Bromwich BS new notice account

West Bromwich BS new notice account

Category: Savings

Updated: 18/12/2008
First Published: 18/12/2008

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

West Bromwich BS new 'High Income - Over 65's' 90 day notice account should prove popular if you're a saver of advancing years.

As the name suggests, the account is only open to those age 65 or over, and requires a minimum investment of £5,000.

It pays 4.75% monthly for investments up to the value of £99,999, but if you're able to put in more than £100,000, the rate rises to 5% monthly, one of the best around.

Interest on the account is paid monthly, so it's ideal if you're a pensioner relying on your savings to provide you with an income.

The option to withdraw funds on 90 days' notice or instantly subject to 90 days' loss of interest also adds to its appeal, helping the account to a rating of four out five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.