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Savings

It doesn’t matter if you’re saving for a rainy day, for retirement or for the very first time, the West Brom can help you save to reach your goals. Whether you want to access your money, or want to fix your rate, we have a range of savings and investment products to suit your needs.

Annual Cash ISA allowance

The annual Cash ISA allowance for the 2019/2020 tax year is £20,000.

Savings guide

Introduction to savings

For some of us, knowing where to start when it comes to the subject of savings can be tricky. This guide gives you an understanding of why and how you should save as well as some additional information to help you along the way.

View guide

Online

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
WeBSaveR 2 £1000 up to 0.90% AER
up to 0.90% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £250,000 0.90% 0.90% 0.90% 0.90%

Interest is variable and paid annually on 1 May or monthly on the first working day of the following month.

No Easy Access - unlimited withdrawals allowed. WeBSaveR 2
WeBSaveR ISA 2 £1000 up to 0.90% AER
up to 0.90% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £250,000 0.90% 0.90% N/A N/A

Interest is variable and paid annually (calculated to 5 April and paid on 6 April each year).

No Easy Access - unlimited withdrawals allowed. WeBSaveR ISA 2

ISAs

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
WeBSaveR ISA 2 £1000 up to 0.90% AER
up to 0.90% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £250,000 0.90% 0.90% N/A N/A

Interest is variable and paid annually (calculated to 5 April and paid on 6 April each year).

No Easy Access - unlimited withdrawals allowed. WeBSaveR ISA 2
1 Year Fixed Rate ISA £1000 1.15% AER
1.15% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1+ 1.15% 1.15% N/A N/A

Interest is fixed and paid annually and is added to the account, or paid to a separate account, on 31 August (starting from 31 August 2019). A monthly interest rate option is not available on the Fixed Rate ISAs.

No 90 day’s notice or earlier at a charge equivalent to 90 days loss of interest. 1 Year Fixed Rate ISA
2 Year Fixed Rate ISA £1000 1.20% AER
1.20% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1+ 1.20% 1.20% N/A N/A

Interest is fixed and paid annually and is added to the account, or paid to a separate account, on 31 August (starting from 31 August 2019). A monthly interest rate option is not available on the Fixed Rate ISAs.

No 90 day’s notice or earlier at a charge equivalent to 90 days loss of interest. 2 Year Fixed Rate ISA
3 Year Fixed Rate ISA £1000 1.40% AER
1.40% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1+ 1.40% 1.40% N/A N/A

Interest is fixed and paid annually and is added to the account, or paid to a separate account, on 31 August (starting from 31 August 2019). A monthly interest rate option is not available on the Fixed Rate ISAs.

No 120 day’s notice or earlier at a charge equivalent to 120 days loss of interest. 3 Year Fixed Rate ISA
Additional Permitted Subscriptions (APS) ISA £1 up to 0.95% AER
up to 0.95% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1-£4,999.99 0.50% 0.50% N/A N/A
£5,000-£14,999.99 0.75% 0.75% N/A N/A
£15,000-£500,000 0.95% 0.95% N/A N/A

Interest is variable and paid annually and calculated to 5 April and paid on 6 April. There is no monthly option available on the APS ISA.

No Unlimited withdrawals. Additional Permitted Subscriptions (APS) ISA
Easy Saver ISA £1 up to 0.95% AER
up to 0.95% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1-£4,999.99 0.50% 0.50% N/A N/A
£5,000-£14,999.99 0.75% 0.75% N/A N/A
£15,000-£500,000 0.95% 0.95% N/A N/A

Interest is variable and paid annually (calculated to 5 April and paid on 6 April each year).

No Unlimited withdrawals. Easy Saver ISA
Help to Buy: ISA £1 up to 2.25% AER
up to 2.25% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1-£1,200 to open, £200 per month 2.25% 2.25% N/A N/A

Interest is variable and paid annually (calculated to 5 April and paid on 6 April each year). There is no monthly interest option.

No Withdrawals can be made at any time but these funds will not qualify for a bonus. Help to Buy: ISA

Easy Access

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
Direct Limited Access Saver (Issue 3) £1000 up to 1.00% AER
up to 1.00% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £1,000,000 1.00% 1.00% 1.00% 1.00%
If seven or more withdrawals are made 0.25% 0.25% 0.25% 0.25%

Interest is variable and paid annually on 30 April or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No Limited Access - 6 withdrawals allowed each account year. Direct Limited Access Saver (Issue 3)
Direct Tracker Saver Account £1000 up to 0.50% AER
up to 0.50% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £1,000,000 0.50% 0.50% 0.50% 0.50%

Interest is variable and paid annually on 1 May or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No Limited Access - 6 withdrawals allowed each account year. Direct Tracker Saver Account
Limited Access Saver (Issue 2) £1 up to 1.00% AER
up to 1.00% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £1,000,000 1.00% 1.00% 1.00% 1.00%
If seven or more withdrawals are made 0.25% 0.25% 0.25% 0.25%

Interest is variable and paid annually on 31 March or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No Limited Access- 6 withdrawals allowed each account year (subject to branch cash withdrawal limits). Limited Access Saver (Issue 2)

Fixed Rate Bonds

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
1 Year Fixed Rate Bond £1000 1.15% AER
1.15% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1,000+ 1.15% 1.15% 1.15% 1.14%

Interest is fixed and paid annually on 31 August (starting from 31 August 2020) or monthly. Monthly interest must be paid to another bank or building society account and is paid on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No No withdrawals are allowed during the 1 year term. 1 Year Fixed Rate Bond
2 Year Fixed Rate Bond £1000 1.20% AER
1.20% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1,000+ 1.20% 1.20% 1.20% 1.19%

Interest is fixed and paid annually on 31 August (starting from 31 August 2020) or monthly. Monthly interest must be paid to another bank or building society account and is paid on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No No withdrawals are allowed during the 2 year term. 2 Year Fixed Rate Bond
3 Year Fixed Rate Bond £1000 1.40% AER
1.40% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1,000+ 1.40% 1.40% 1.40% 1.39%

Interest is fixed and paid annually on 31 August (starting from 31 August 2020) or monthly. Monthly interest must be paid to another bank or building society account and is paid on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No No withdrawals are allowed during the 3 year term. 3 Year Fixed Rate Bond

Regular Savers

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
Access Regular Saver £20 up to 1.20% AER
up to 1.20% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£20 - £2,000 per month 1.20% 1.20% N/A N/A
If more than two monthly payments are missed the account will pay a lower rate of interest until the end of the account year 0.25% 0.25% N/A N/A

Interest is variable and paid annually on 31 March for branch based accounts or 30 April for direct accounts.

No Unlimited withdrawals without notice. 2 monthly missed payments allowed each account year. Access Regular Saver
Adult's Fixed Rate Regular Saver (Issue 4) £10 2.00% AER
2.00% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£10 - £100 per month 2.00% 2.00% N/A N/A

Interest is fixed and paid on the anniversary of the account opening.

No No withdrawals are permitted within the 12 month fixed rate period. Adult's Fixed Rate Regular Saver (Issue 4)
Children's Fixed Rate Regular Saver (Issue 4) £10 2.50% AER
2.50% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£10 - £75 per month 2.50% 2.50% N/A N/A

Interest is fixed and paid on the anniversary of the account opening.

No No withdrawals are permitted within the 12 month fixed rate period. Children's Fixed Rate Regular Saver (Issue 4)

Childrens Accounts

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
Children's Fixed Rate Regular Saver (Issue 4) £10 2.50% AER
2.50% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£10 - £75 per month 2.50% 2.50% N/A N/A

Interest is fixed and paid on the anniversary of the account opening.

No No withdrawals are permitted within the 12 month fixed rate period. Children's Fixed Rate Regular Saver (Issue 4)
Children's West Brom Access Account £1 up to 1.15% AER
up to 1.15% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £100,000 1.15% 1.15% N/A N/A
If seven or more withdrawals are made 0.05% 0.05% N/A N/A

Interest is variable and paid annually on 31 March.

No Up to 6 withdrawals each account year without charge or notice. Children's West Brom Access Account

Company Accounts

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
7 Day Corporate Deposit Notice Account (Issue 2) £10000 up to 0.05% AER
up to 0.05% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£10,000 - £10,000,000 0.05% 0.05% N/A N/A

Interest is variable and paid annually on 30 April and automatically capitalised to the account. Where the balance goes below the minimum opening and operating balance (£10,000), no interest will be earned.

No Withdrawals can be made at any time with 7 days notice without charge. Access to your funds without notice will incur a charge equivalent of 7 days’ interest. 7 Day Corporate Deposit Notice Account (Issue 2)
7 Day Notice Credit Union Deposit Account £10000 up to 0.05% AER
up to 0.05% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£10,000 - £10,000,000 0.05% 0.05% N/A N/A

Interest is variable and paid annually on 30 September and automatically capitalised to the account. Where the balance goes below the minimum opening and operating balance (£10,000), no interest will be earned.

No There is a 7 day notice period for withdrawals, or access without notice subject to a charge equivalent to 7 days loss of interest on the amount withdrawn. 7 Day Notice Credit Union Deposit Account

Other Accounts

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
Albion Advantage Account £100 up to 0.35% AER
up to 0.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £100,000 0.35% 0.35% N/A N/A

Interest is variable and paid annually on 1 April.

No There is no notice period for withdrawal (subject to branch cash withdrawal limits). Albion Advantage Account
Amber Blue Saver Account £25 up to 0.35% AER
up to 0.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £2,000,000 0.35% 0.35% N/A N/A

Interest is variable and paid annually on 1 April.

No There is no notice period or charge for withdrawal (subject to branch cash withdrawal limits). Amber Blue Saver Account
Base Rate Tracker Account £500 up to 0.50% AER
up to 0.50% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £2,000,000 0.50% 0.50% 0.50% 0.50%

Interest is variable and paid annually on 30 November or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No 4 withdrawals are permitted each account year without notice or charge (subject to branch cash withdrawal limits). The account will be closed on the fifth withdrawal. Base Rate Tracker Account
Community Account £25 up to 0.35% AER
up to 0.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £2,000,000 0.35% 0.35% N/A N/A

Interest is variable and paid annually on 1 April.

No There is no notice period or charge for withdrawal (subject to branch cash withdrawal limits). Community Account
Oak Savings Account £10 up to 0.25% AER
up to 0.25% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £100,000 0.25% 0.25% 0.25% 0.25%

Interest is variable and paid annually on 30 November or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No Easy Access - no limit on withdrawals. Oak Savings Account
Premium Share Account £100 up to 0.30% AER
up to 0.30% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 – £2,000,000 0.30% 0.30% 0.30% 0.30%

Interest is variable and paid annually on 1 April or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No There is no notice period or charge for withdrawal (subject to branch cash withdrawal limits). Premium Share Account
Red Balloon Appeal Account £25 up to 0.35% AER
up to 0.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £2,000,000 0.35% 0.35% 0.35% 0.35%

If the balance falls below the minimum operating balance, the Society reserves the right to close the account. Interest is variable and paid annually on 30 April or monthly on the last working day of each month (or on the first working day of the month if paid to another West Brom account).

No There is no notice period or charge for withdrawal (subject to branch cash withdrawal limits). Red Balloon Appeal Account
Saddlers Super Saver Account £25 up to 0.35% AER
up to 0.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £2,000,000 0.35% 0.35% N/A N/A

Interest is variable and paid annually on 1 April.

No There is no notice period or charge for withdrawal (subject to branch cash withdrawal limits). Saddlers Super Saver Account
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