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Over 65s only - 4.75% income account from West Brom

Think this has only appeared on their website today:

http://www.westbrom.co.uk/westbrom/savings.product?id=4255&FROM_CAMPAIGN=true&CAMPAIGN_SRC=HOME_PAGE

Can only be run by post or phone and income must be taken monthly; 90 days notice on withdrawals; min investment £5,000

Rate is 4.75% rising to 5% at £100,000 (I think).

There is an error on their website - 1st tier stops at £9,999 and 2nd tier starts at £100,000 :rotfl:

Comments

  • edda
    edda Posts: 1,057 Forumite
    500 Posts
    Website now corrected: 4.75% is for accounts in the range £5,000 to £99,999.

    Rate therefore effectively 4.75% gross as no more than £50,000 would be covered by the normal compensation scheme.
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