West Bromwich Building Society Star Easy Access Account 6.55%

bristolleedsfan

Another New Westbromwich BS account launched to hit best buy tables. :rolleyes:

http://www.westbrom.co.uk/westbrom/savings.product?id=3484&FROM_CAMPAIGN=true&CAMPAIGN_SRC=HOME_PAGE

Milarky

Twelve withdrawals are permitted each account year without notice or penalty. (For Branch on demand, for direct all withdrawals paid by BACS to nominated Bank Account)

Nice feature - which means no days lost interest on withdrawals from May/June

[BTW, I got a BACS credit from them today as it happens. The payment seems to have been sent on 31/01 and arrived 01/02 - but this was into a personal HSBC account. Payments to West Brom's '40' collection account seem to take only one day from any bank acc. to recent posts]

nicko33

bristolleedsfan wrote: »

Min investment 1000.00

the link says Min investment £1

but I'll have some of that anyway, thanks

bristolleedsfan

Milarky wrote: »

Nice feature - which means no days lost interest on withdrawals from May/June

]

Unlikely account will still be a best buy account all those months on. :rotfl:

If faster online payments are due to take effect by May/June that may be the reason for an apparent resurgence in Postal Accounts. :rolleyes:

bristolleedsfan

nicko33 wrote: »

the link says Min investment £1

but I'll have some of that anyway, thanks

True, well spotted, this was the article which drew my attention to the account, i read min 1000 and didnt look at the linked page.


http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/01/cmdealS01.xml

dougs

it looked good until I read that it can only be operated by post or in branch
:rolleyes:

bristolleedsfan

dougs wrote: »

it looked good until I read that it can only be operated by post or in branch
:rolleyes:

"
Twelve withdrawals are permitted each account year without notice or penalty. (For Branch on demand, for direct all withdrawals paid by BACS to nominated Bank Account) "

dougs

yes, I realise that but it gives the impression that you cannot operate it online yourself. Like you can with, say, Icesave.

Am I reading it wrong then?

bristolleedsfan

dougs wrote: »

yes, I realise that but it gives the impression that you cannot operate it online yourself. Like you can with, say, Icesave.

Am I reading it wrong then?

U are correct in that understanding, It doesnt look as if Westbromwich have any actual online account facility.

Even online application form has to be printed off and posted. ( just wasted my time going through application form on upstairs PC where their is no printer. :mad: )

Account can be opened by transferring funds from an existing Westbromwich account so handy for the 100.00 account holders to transfer their 100.00 into a higher paying account.

edda

bristolleedsfan wrote: »

U are correct in that understanding, It doesnt look as if Westbromwich have any actual online account facility.

No - there is no online facility at West Brom at all.

The rate guarantee on the Star Easy Access a/c is 0.5% above base rate until 1st Feb 2009. If you're interested, compare with the Premier Bonus Tracker Plus:

http://www.westbrom.co.uk/westbrom/savings.product?id=3465&category=2

Less withdrawals per year and lower rate at the moment - but guarantee is higher.

Depends on your requirements.

bristolleedsfan

Just in case anybody is interested, this account ( at least via post ) is non passbook, and by Westbromwiches stated receipt of application date, took 5 calendar days to receive details of account opening with welcome pack.

( 9 calendar days from date of posting application to receipt of confirmation of account opening)