Access Regular Saver

Get into the savings habit and earn more by saving regularly.

Get into the savings habit and watch your money grow with our Access Regular Saver.

Key features

  • Minimum opening investment £20; minimum monthly investment £20 and maximum monthly investment £2,000
  • Unlimited withdrawals without notice
  • Make additional investments up to the maximum allowed each calendar month
  • If savers miss more than two monthly payments during the account year (1 April to 31 March for branch accounts or 1 May to 30 April for direct accounts), a lower rate of interest will be paid for the remainder of the account year. At the start of the next account year the account will revert back to the higher variable rate available at that time
  • Interest is variable and paid annually on 31 March for branch based accounts or 30 April for direct accounts and can be paid into the account, another West Brom account or to another bank or building society account
0.85% Gross p.a./AER Variable
Interest Tier Annual
£20-£2,000 per month AER 0.85% Gross 0.85%
£20-£2,000 - if more than two monthly payments are missed. AER 0.25% Gross 0.25%

Key product information for our Access Regular Saver

Account name

Access Regular Saver

Interest rates (AERs)

This account provides a variable rate of interest

Interest Tier Annual Monthly
AER Gross AER Gross
Minimum opening balance is £20
£20-£2,000 per month 0.85% 0.85% N/A N/A
£20-£2,000 - if more than two monthly payments are missed. 0.25% 0.25% N/A N/A

Tax status

Interest on this account is paid Gross.

Withdrawal arrangements

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


This account is available through the Branch or Direct. This means that you can open and use your account at a branch, through the post or over the phone. You cannot use this account 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 Access Regular Saver 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 on your account falls by more than 0.25% at one time, or by 0.50% or more 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 changes in at least 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 31 March for branch accounts or 30 April for direct accounts. 

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.

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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.

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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.