Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | West Brom Offers 3.00% Interest on Fixed Rate SavingsBy: West Brom Available through the building society’s branch network and by telephone or post, the bond pays 3.00% gross p.a./AER fixed until 30 September 2019. Product applications can also be made online at www.westbrom.co.uk. Interest is paid annually and on maturity, plus there is a monthly interest option (2.96% gross) providing the interest is paid away to another account. The minimum investment is £1,000 and the maximum £1 million for single and £2 million for joint accounts. No additional deposits or withdrawals can be made during the product term. David Taylor, the West Brom’s head of products, said: “For savers who are prepared to lock some of their funds away for a period of time there are competitive returns to be had and our five year bond is a good example of this. “We are bucking the trend with this particular product having increased the rate from our last issue by 0.25%. The ability to pay interest away on a monthly basis is also a useful feature for those who need their savings to deliver a regular income.” The West Brom also offers fixed rate bonds over one, two and three year terms which pay 1.50%, 1.75% and 2.00% gross p.a/AER respectively. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|