Adult's Fixed Rate Regular Saver (Issue 4)
What is the interest rate?
|Interest is fixed and paid on the anniversary of the account opening.
|£10 - £100 per month
Can the West Brom change the interest rate?
The Adult’s Fixed Rate Regular Saver (Issue 4) has a fixed interest rate which means that we will not change the interest rate paid on your account for the next 12 months.
What would the estimated balance be after 12 months based on a £100 per month deposit?
If you saved £100 per month during the 12 month term of the Adult’s Fixed Rate Saver (Issue 4), a total of £1,200 will be paid into your account and the estimated balance after 12 months would be £1,213.04.
This example assumes the initial deposit of £100 is made on 1 November 2016, no withdrawals are made and all subsequent deposits of £100 are made on the first day of each month. 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 at a branch. You cannot use this account over the telephone, through the post or online.
You can open the Adult’s Fixed Rate Regular Saver (Issue 4) with a minimum deposit of £10. The minimum monthly deposit is £10 and the maximum monthly deposit is £100. The maximum total investment over the 12 month term is £1,200.
You can make monthly payments of up to a maximum of £100. If you pay in more than the maximum monthly deposit of £100 in any calendar month, we reserve the right to return the overpayment to you.
Can I withdraw money?
No withdrawals are permitted within the 12 month fixed rate period.
At the end of the 12 month period, your funds (including interest earned) will be reinvested in a variable rate easy access account and withdrawals will be limited to the account’s Specific Terms and Conditions at that time.
The Adult’s Fixed Rate Regular Saver (Issue 4) cannot be closed before the end of the 12 month term.
Interest on this account is paid Gross, without the deduction of tax.
We will write to you, within 14 calendar days before maturity, to let you know that your Adult’s Fixed Rate Regular Saver (Issue 4) is coming to an end and remind you that we will automatically reinvest your funds into a variable rate easy access account.