The West Brom encourages Christmas saving for 2012
Friday, 30 December 2011 12:25
Christmas may only have just ended, but the West Brom building society is encouraging customers to start saving for next year's festivities.
It has announced a new Christmas Regular Saver account that will allow people to put money to one side throughout 2012 in order to be ready for the occasion.
The product will be available in all branches and pays a Best Buy interest rate of 4.25 per cent AER/gross PA over its one-year term.
Anyone who takes one out will be required to make monthly deposits of between £10 and £250 from January to October 2012, but they do not need to do the same for November and December unless they want to.
Money can then be withdrawn from November onwards to pay for presents, food and drink or perhaps even a Christmas holiday.
The West Brom's Stephen Leonard said: "Christmas inevitably puts extra pressure on family budgets so making an early start on saving for next year makes real sense."
With almost 540,000 members, the West Brom is the sixth largest building society in the UK.
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