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New Bonds from West Brom BS - 3.9% to 5.45% interest
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Steve_xx
Posts: 6,979 Forumite
West Bromwich Building society have launched four new bonds today:
E BOND 29 - 1 year: a fixed term internet operated account maturing 31.7.10 with a minimum investment of £5K paying 3.90% on maturity (3.83% monthly).
E BOND 30 - 2 year: a fixed term internet operated account maturing 31.7.11 with a minimum investment of £5K paying 4.45% yearly (4.36% monthly).
E BOND 31 - 3 year: a fixed term internet operated account maturing 31.7.12 with a minimum investment of £5K paying 4.75% yearly (4.65% monthly).
E BOND 32 - 5 year: a fixed term internet operated account maturing 31.7.14 with a minimum investment of £5K paying 5.45% yearly (5.32% monthly).
For all four bonds: No earlier access or further additions permitted.
E BOND 29 - 1 year: a fixed term internet operated account maturing 31.7.10 with a minimum investment of £5K paying 3.90% on maturity (3.83% monthly).
E BOND 30 - 2 year: a fixed term internet operated account maturing 31.7.11 with a minimum investment of £5K paying 4.45% yearly (4.36% monthly).
E BOND 31 - 3 year: a fixed term internet operated account maturing 31.7.12 with a minimum investment of £5K paying 4.75% yearly (4.65% monthly).
E BOND 32 - 5 year: a fixed term internet operated account maturing 31.7.14 with a minimum investment of £5K paying 5.45% yearly (5.32% monthly).
For all four bonds: No earlier access or further additions permitted.
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Comments
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The Monthly interst has to be transferred to another account, so it won't compound.0
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It'll compound daily until payment.0
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Surely you'd only take monthly interest on a fixed term account like this if you wanted to receive it in another account?The Monthly interst has to be transferred to another account, so it won't compound.
Your point is correct I'm just saying I'm not surprised they require it to be paid elsewhere.0
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