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Amber Blue Saver Account

The savings account that helps supporters of Shrewsbury Town Football Club raise money for their club through an annual bonus.

Key features

  • A variable rate of interest of 2.55% gross p.a./AER
  • Easy access to your savings with unlimited withdrawals
  • Minimum opening deposit of £100 (adults) or £25 (for under 16s); minimum operating balance of £1; maximum balance £1,000,000 (£2,000,000 for joint accounts)
  • Make additional deposits 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
  • By opening an account, you’ll be helping your favourite football team, because we make a cash payment each year to Shrewsbury Town Football Club equal to 0.25% of the total average balance held in all Amber Blue Saver Accounts
  • You can only open this account in branch. Once opened, you can manage this account in branch and view it online via our savings portal. You cannot open or manage this account over the phone or by post.
2.55% Gross p.a./AER Variable
Interest Tier Annual
£1 - £2,000,000 AER 2.55% Gross 2.55%
View details

Summary Box

Account name

Amber Blue Saver Account

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
Interest is variable and paid annually on 1 April. Interest can be added to the account or paid into another account. There is no monthly interest option with this account.
£1 - £2,000,000 2.55% 2.55% N/A N/A

Can the West Brom change the interest rate?

The interest rate is variable, so it can go up or down 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.

For details about why we may change the interest rate, as well as how and when we’ll let you know, please refer to sections 5d) and 5e) of our General Terms and Conditions.

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

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

Deposit amount

Estimated value after 12 months

£1,000

£1,025.50


This example assumes:

  • You make the deposit on the day you open the account.
  • You don’t pay more money into the account or make any withdrawals.
  • The interest rate stays the same.

This example is provided to help you compare savings accounts and does not take into account any individual circumstances.

How do I open and manage my account?

You can only open this account in branch. You cannot open this account over the phone, by post or online.

The minimum opening deposit is £100 for adults or £25 for children under 16 years old. The maximum balance is £1,000,000 (or £2,000,000 if held as a joint account). The minimum operating balance once the account is open is £1 for both adults and children.

Once open, you will manage this account in any of our branches.

Our savings portal is available for all accounts which have been opened in a branch, by post/telephone or via our website. For more information about how to register for our savings portal and the access our savings portal provides, please visit www.westbrom.co.uk/savingsportal

You can pay any amount into your account, up to the maximum account balance.

Can I withdraw money?

You can make as many withdrawals as you like from this account with no notice period or charge (subject to the branch cash withdrawal limits which are on display in our branches).

You can access your interest once it has been paid into your account on 1 April each year.

Additional information

If you change your mind after you’ve opened your account, don’t worry. If you tell us within 14 calendar days, we’ll give you your money back with interest straightaway.

We pay your interest gross. The gross rate is the interest payable before the deduction of tax.

You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.

Did you know?

Gross interest – is the rate of interest payable before the deduction of tax.

AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. All rates quoted are correct as at 10/08/2023.

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 – the Personal Savings Allowance was introduced on 6 April 2016 and means that the first £1,000 of overall savings interest for basic rate taxpayers and the first £500 for higher rate taxpayers are free from income tax. (There is no allowance for additional rate taxpayers.) From this date, we stopped deducting any tax from the interest paid to you (ISAs are tax-free). You are responsible for paying any tax due to HM Revenue & Customs (HMRC). For further information about the Personal Savings Allowance, please contact your local HMRC office.

Protection for savers – your eligible deposits with the West Brom are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits held above the limit are unlikely to be covered. You can visit www.fscs.org.uk for more information.

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 Amber Blue Saver Account. You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.

Apply in branch

Use our branch finder to find your nearest branch.

Extra benefits of opening this account:

Opening balance:

  • £100 (£25 for under 16s) - Shrewsbury Town Football Club autographed football

Keeping your money safe

FSCS logo

Your eligible deposits with West Bromwich Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

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