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West Brom launches two year fixed rate bond

West Bromwich Building Society is launching a new two-year bond that pays a fixed rate of 6.20 per annum gross.

The guaranteed monthly income account is fixed until July 31, 2003, and is available through post, at branches and online.

The new account has a minimum starting balance of £5,000 and a maximum of £100,000. West Bromwich is also offering monthly income option paying 6.03 per cent.

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