Albion Advantage Account

Savings that support you and the Baggies!

As a dedicated supporter of the Baggies, you’ll know a winner when you see one. Our Albion Advantage Account offers you a great home for your savings and a way to support your favourite football team. West Bromwich Albion Football Club receives an annual payment equivalent to 0.75% of the total average balance held in all Albion Advantage Accounts. So the more you save, the more the Baggies will benefit.

Key features

  • 0.25% Gross p.a./AER variable and easy access to your savings with unlimited withdrawals
  • Minimum investment of £100; maximum investment £100,000
  • Make additional investments up to the maximum allowed
  • By opening an account, you’ll be helping your favourite football team, because we make a cash payment each year to West Bromwich Albion Football Club equal to 0.75% of the total average balance held in all Albion Advantage Accounts
  • Interest is paid annually on 1 April and can be paid into the account, another West Brom account or to another bank or building society account
  • One account per customer
0.25% Gross p.a./AER Variable
Interest Tier Annual
£1-£100,000 AER 0.25% Gross 0.25%

Key product information for our Albion Advantage Account

Account name

Albion Advantage Account

Interest rates (AERs)

This account provides a variable rate of interest

Interest Tier Annual Monthly
AER Gross AER Gross
Minimum opening balance is £100; minimum operating balance is £1
£1-£100,000 0.25% 0.25% N/A N/A

Tax status

Interest on this account is paid Gross.

Conditions for bonus payment


Withdrawal arrangements

You can make unlimited withdrawals with no notice period or charge (subject to branch cash withdrawal limits).


This is a Branch only account and cannot be used over the telephone, through the post or online. Additional investments can be made at anytime up to the maximum allowed.

Important information you need to know

What is a variable interest rate?

Your Albion Advantage Account account has a variable interest rate. This means that we may change the interest rate we pay on your account at any time.

How will I find out about interest rate changes?

All our interest rates are available in our branches and on our website. There are times when we may need to change the interest rate on your account. If this happens, there are a number of ways we will let you know:

  • If the interest rate falls by more than 0.25% at any time or by 0.50% over the previous 12 months we will notify you.
  • If the interest rate on your account falls by 0.25% or less we will advertise the change in a combination of one local and one national newspaper, in our branches and on our website.

If you would like to find out more please read your General Terms and Conditions.

When interest is paid

Interest on your account is paid annually on 1 April. 

Withdrawing your interest

You will be able to access your interest once it has been paid into your account on 1 April each year.

Did you know?

Gross interest – Gross is the rate of interest payable 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 03/10/2016.

Identification – when you open an account with the West Brom we may need to confirm your identity. For full details on why this is required, and the types of identification accepted, please refer to the Society’s 'Important information on identification' leaflet.

Personal Savings Allowance – from 6 April 2016, the first £1,000 of overall savings interest for basic rate taxpayers and the first £500 for higher rate taxpayers will be free from income tax. (There is no allowance for additional rate tax-payers.) From this date, we won’t deduct any tax from the interest we pay you. ISAs will remain tax-free. You will be responsible for paying any tax due to HM Revenue & Customs (HMRC) but you will no longer need to complete an HMRC R85 form to receive gross interest. For further information please contact your local HMRC office.

Terms and conditions

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

West Bromwich Albion Football Club will offer you an extra benefit for opening the account.

5% off purchases in the Club Shop for all Albion Advantage Account holders. (Passbook must be presented at time of purchase. This offer cannot be used in conjunction with any other discounts or promotions).

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Savings guides

From novice savers wanting to understand the very basics of saving money to the seasoned savers just after a little guidance, our range of helpful and informative savings guides will have it covered.

Keeping your money safe

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Your eligible deposits with West Bromwich Building Society are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £75,000 limit are not covered.