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West Brom launches new savings product

14 July 2005
West Bromwich Building Society has announced the creation of its new FTSE-linked savings deal.

The FTSE Booster Guaranteed Capital Account offers 150 per cent of any growth in the FTSE 100 index and West Brom guarantees the full initial capital will be returned at the end of the term.

The product, which earns interest at a rate of 4.75 per cent gross per annum, starts this Saturday and runs until September 13th 2011.

However, there are no opportunities for additional deposits or withdrawals.

"With the growing popularity of these type of guaranteed products we have for some time now been keen to test the consumers market place nationally," commented West Brom's product manager, Andy Heseltine.

"We believe this is exactly the type of product with excellent features and benefit to do just that."

He added: "This really is a great delivery which will bowl over investors and show how serious the West Brom is on offering savers a really great deal."

The minimum investment is £3,000 and all applicants must be a UK resident and over the age of 16.

To read more about investment, click here.

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