West Bromwich new fixed rate

Froglet

Am about to apply for this,decent rate at [EMAIL="4.30@%"]4.30%[/EMAIL] for one year,has to rate as one of the best at the moment.Need minimum £5k.

Couldn't see it advertised anywhere so thought i'd give you all a "heads up" as they say!!

http://www.westbrom.co.uk/westbrom/savings.category?id=1

silentfox

here is why
http://www.ft.com/cms/s/0/e30e0940-29f7-11de-9d01-00144feabdc0.html

wouldn't surprise me if they move higher still. But still worth it.

Milarky

Better news for personal depositors however - as long as the FSCS seems likely to hold up. I can understand why wholesale depositors are nervous - they aren't covered.. Surely any failure of mutuals from now on will be a gradual affair - assuming the worst pans out (which it may not)

Scooby64

I've just completed the forms too, but why isn't it on ANY of the comparison sites - it's the best on the market.

When I seem to have found something that no-one else knows about I start wondering how hard it would be to register a domain westbrom.co.uk and rent a PO box for all the cheques coming in through the post.

12 months until maturitu gives me quite a while to make a getaway....:eek::rolleyes:

00ec25

Scooby64 wrote: »

but why isn't it on ANY of the comparison sites

Not true - both the e bond 21 and e bond 20 are listed at positions 3 and 4 respectively on the moneysupermarket.com comparision which I got following the link from here on the MSE fixed rate savings guide

The West Brom accounts are beaten only by accounts at a 5 year fix, so in reality for a "1 year" fix their e bond 21 is number 1. BUT note the West Brom accounts are not 1 or 2 year fixes, both are fixed to mature on 31st May next year (2010) or the year after (2011) respectively so if you act now that's a 13 or 25 month fix (depending on how quick they are at opening the account of course)

Their website also lists them as limited offer on first come first served basis ...

Hungerdunger

00ec25 wrote: »

BUT note the West Brom accounts are not 1 or 2 year fixes, both are fixed to mature on 31st May next year (2010) or the year after (2011) respectively so if you act now that's a 13 or 25 month fix (depending on how quick they are at opening the account of course)

That's a good point. I did a search for a one year fix on the FSA site, and the West Brom didn't appear. Change the criterion to 3 years and it's at the top of the list.

soba

Is the West Brom owned by one of the big financial institutions like Halifax or RBS for instance or is it a stand-alone outfit? Sorry if this sounds a bit muddled - I know what I mean but can't find the right words to say what I want!!

Mikeyorks

Froglet wrote: »

Couldn't see it advertised anywhere so thought i'd give you all a "heads up" as they say!!

Comes up on the Moneysupermarket fixed rate list ... just that they don't have a direct link o the West Brom site :-

http://forums.moneysavingexpert.com/showpost.html?p=20704513&postcount=6

Masomnia

soba wrote: »

Is the West Brom owned by one of the big financial institutions like Halifax or RBS for instance or is it a stand-alone outfit? Sorry if this sounds a bit muddled - I know what I mean but can't find the right words to say what I want!!

Don't worry I get you. It is indeed an independent organization, not owned by a larger bank/society. So it's not like Birmingham Midshires, owned by HBOS now by Lloyds banking group.

Baldur

It's an independent mutual building society, see Building Societies Association list of members.

bootman

Does anyone know the minimum age you have to be to hold one of these?
The Halifax bonds say 11+ but I can't find any reference to age on the web, Many thanks