A new guaranteed online savings bond is now available from West Bromwich Building Society.
Those hoping to start saving money in the new year can take out the e-bond from West Bromwich with a minimum investment of £1,000.
The maximum deposit is £500,000 for single savings accounts and £1 million for joint savers. No additional deposits or withdrawals are allowed during the term of the savings bond.
A savings rate of 5.1 per cent annual equivalent rate applies for those fixing their investment until the last day of 2006.
Savings bond holders who would like to receive their interest monthly will receive a savings rate of 4.98 per cent.
"What better way is there to get the new year underway than to go on-line to take advantage of this latest savings offer," comments West Brom product manager Andy Heseltine.
"Our latest e-bond allows savers to enjoy a market-leading return on their investments in the knowledge that there is no risk to their capital."
Those hoping to take out this online savings bond should visit the building society's website.
Online savings bond offered by West Brom
Online savings bond offered by West Brom
Wed, 04 Jan 2006
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