WeBSave Bonus Saver 2

Online savings

If you are looking to manage your savings online, with easy access whenever you need it, our WeBSave Bonus Saver 2 account may be for you.

Key features

  • A variable rate of interest of 1.05% Gross p.a./AER including a fixed 0.35% Gross p.a. unconditional bonus paid up to 31 May 2018 
  • Minimum opening balance of £1,000; minimum operating balance of £1; maximum balance of £250,000 for single and joint accounts
  • Unlimited withdrawals without notice
  • Make additional deposits at any time up to the maximum allowed
  • Interest is paid annually and can be paid into the account, another West Brom account or to another bank or building society account. No monthly interest option is available
  • This account can only be opened and used online. You cannot use this account over the telephone or at a branch.
1.05% Gross p.a./AER Variable
Interest Tier Annual
£1 - £250,000 with unconditional bonus (up to 31 May 2018) AER 1.05% Gross 1.05%
£1 - £250,000 without unconditional bonus (from 1 June 2018) AER 0.70% Gross 0.70%

Summary Box

Account Name

WeBSave Bonus Saver 2

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
Interest is variable and paid annually (calculated to 30 April and available on 1 May).
£1 - £250,000 with unconditional bonus (up to 31 May 2018) 1.05% 1.05% N/A N/A
£1 - £250,000 without unconditional bonus (from 1 June 2018) 0.70% 0.70% N/A N/A

Can the West Brom change the interest rate?

We may change the interest rate we pay on the WeBSave Bonus Saver 2 at any time.

If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change.

All our interest rates are available in our branches and on our website.

If you would like to find out more please read Sections 5d) and 5e) of your General Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

If you saved £1,000 in the WeBSave Bonus Saver 2 the estimated balance after 12 months would be £1,010.50.

This example assumes the initial deposit of £1,000 is made on 1 February 2017 and no further deposits or any withdrawals are made and there are no changes to the interest rate paid on the account over the 12 months. It is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

This account can only be opened and used online. You cannot use this account over the telephone or at a branch.

You can open the WeBSave Bonus Saver 2 with a minimum deposit of £1,000. The maximum balance is £250,000 and the minimum operating balance once the account is open is £1.

Additional deposits can be made at anytime up to the maximum allowed.

Can I withdraw money?

You can make unlimited withdrawals with no notice period.

Additional information

Interest on this account is paid Gross, without the deduction of tax.

We will contact you to remind you within 14 days before the end of the introductory fixed rate bonus. As a useful reminder, perhaps make a note of your introductory fixed rate bonus coming to an end.

Did you know?

Gross interest - Gross is the rate of interest without the deduction of tax.

AER - stands for Annual Equivalent Rate and this illustrates the amount of interest paid on your account if it were to be paid and compounded once a year. All rates quoted are correct as at 07/02/2017.

Terms and Conditions

Here you will find both Product Specific and General Terms and Conditions.

The information provided in the Summary Box is a summary of the key features of the WeBSave Bonus Saver 2. You should also read the Product Specific Terms and Conditions, WeBSave Service Specific Terms and Conditions and the General Terms and Conditions which relate to this account.

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