new savings account 6.50%

moneylover

A good rate and will rise if there is another bank rate increase but only till the beginning of February.

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West Bromwich BS
[*]PREMIER BONUS TRACKER 2 launched w.e.f. 7.8.07: an instant access account with a minimum investment of £1K paying 6.50% yearly (6.31% monthly). Rate includes a 1.00% bonus (0.94% monthly) to 1.2.08, then 0.50% (0.47%) to 1.8.08. Rate guaranteed to be Bank Base Rate plus 0.75% (0.56% monthly) to 1.2.08, then Bank Base Rate plus 0.25% (+0.09%) to 1.8.08 when account will revert to Direct Tracker Saver rate. Only 6 withdrawals permitted per account year....
[*]http://www.westbrom.co.uk/westbrom/savings.product?id=3254

Milarky

It can be opened with £1000 (as a foot in the door) and then added to. Six withdrawals per account year! Well, I suppose you could allow yourself one per month and just close the account after six months (all it's good for, really)

Are there any penalties for closure? (there's no term)