The Step by Step Saver account is to be re-launched by Bristol & West with improved rates and benefits.
The savings account uses a tiered rate system, designed to reward savers with enhanced rates the more they save.
Step by Step Saver customers can now achieve a fixed rate of up to 5.20 per cent gross for annual income on an investment of £25,000, or 5.08 per cent gross for monthly income.
Modern improvements to the account include unlimited accounts per customer (where previously the customer was limited to one), transfers into the account (previously transfers were not permitted) and a maximum investment of £250,000 (£50,000 was previously the maximum).
"The Step by Step saver offers a great rate to customers with the security of a fixed rate and access to the funds if needed," said Nick Pagon, senior product manager at Bristol & West.
The offer period for the Step by Step saver is June 21st to July 27th 2005. Click here to compare savings accounts.
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