West Brom launches a series of best buy Ebonds

With a desire to offer investors a further range of savings opportunities the West Bromwich Building Society has launched a series of fixed rate Ebonds for savers wishing to invest via the internet.

The products have been designed to offer excellent fixed interest rates for new and existing savers, who are looking for an attractive return on their investments:

Ebond 29 (1-year fixed rate)
3.90% gross p.a. / AER (net 3.12%) to 31st July 2010.

Ebond 30 (2-year fixed rate)
4.45% gross p.a. / AER (net 3.56%) to 31st July 2011.

Ebond 31 (3-year fixed rate)
4.75% gross p.a. / AER (net 3.80%) to 31st July 2012.

Ebond 32 (5-year fixed rate)
5.45% gross p.a. / AER (net 4.36%) to 31st July 2014

The minimum investment for each Ebond is £5,000; the maximum investment is £1million for single accounts and £2million for joint accounts.

No additional deposits are allowed after the offer period for each Ebond and no withdrawals are permitted during their respective terms.

The products also offer a monthly income.

These products are limited issue only.

Commenting on this latest set of offers from the Society, David Johnston, the West Brom’s Divisional Director for Retail, said: “The West Brom has consistently shown its ability to offer competitive savings rates through our branches, telephone and internet. These latest Ebonds via the internet give investors the opportunity to enjoy an attractive and guaranteed return on their savings during a period of economic uncertainty.”

For more information, visit westbrom.co.uk.