West Brom launch new one-year savings bond
The West Bromwich Building Society has launched a new one-year fixed-rate bond today that pays an interest rate of 3.55 per cent gross PA/AER.
This rate of interest is fixed until the 30th September 2012 and applies to balances of £1,000 or more, up to a maximum of £250,000. Customers have to invest the amount they want to put away in one deposit and no withdrawals are permitted until the end of the term.
Entitled the E Bond 42 is available to both new and existing West Brom customers exclusively through the Society’s website at westbrom.co.uk. Interest can be paid monthly or in full on maturity.
Stephen Leonard, the West Brom’s Divisional Director for Marketing and E-Commerce, said: “We expect strong demand for this latest product, which offers savers a market leading rate of 3.55% and a guaranteed return at the end of its one year term.”
Use the Myfinances.co.uk comparison tables to find the best deal on savings bonds
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