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Take your money out at any time. You'll get a lower interest rate if you take your money out more than six times each account year.
Before you get started, please make sure you've read the summary box and terms & conditions below.
You can apply for this account online as a sole applicant. Once your account has been opened you can register for our Savings Portal to see your account online.
Whether you are opening a savings account for the very first time or you are an experienced saver, there are times when you may need to dip into your savings. If this is the case, then an easy access savings account could be ideal for you.
View guide| 2.00% Gross p.a./AER Variable | |
| Interest Tier | Annual |
| £1 - £1,000,000 | AER 2.00% Gross 2.00% |
| If seven or more withdrawals are made | AER 1.40% Gross 1.40% |
Direct Limited Access Saver (Issue 3)
| Interest Tier | Annual | Monthly | ||
|---|---|---|---|---|
| AER | Gross | AER | Gross | |
Interest is variable and paid yearly or monthly. Interest can be added to the account or paid into another account. Yearly interest is paid on 30 April, and you’ll be able to access it from 1 May. Monthly interest 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. |
||||
| £1 - £1,000,000 | 2.00% | 2.00% | 2.00% | 1.98% |
| If seven or more withdrawals are made | 1.40% | 1.40% | 1.40% | 1.39% |
Yes. The interest rate is variable, so it can go up or down at any time.
If the interest rate on your account goes down, and the balance in your account is £100 or more, we’ll write to you to let you know.
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 (which are available in our branches and on our website).
All our savings interest rates are available to view in our branches and online.
|
Deposit amount |
Estimated value after 12 months |
|
£1,000 |
£1,020.00 |
This example shows what your balance would be after 12 months:
|
Deposit amount |
Estimated value after 12 months |
|
£1,000 |
£840.53 |
This example shows what your balance would be after 12 months:
These examples are provided to help you compare savings accounts and doesn't take into account your own circumstances.
Opening your account
You can open this account by post or online.
Managing your account
How to put money into your account
Don’t worry if you change your mind after you’ve opened your account. If you tell us within 14 calendar days, we’ll give your money back with interest straight away.
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 15/09/2025.
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.
Download and complete your application form, then send it to:
FREEPOST THE WEST BROM
Please write the address exactly as above, in capitals and on one line. You don’t need to use a stamp – just pop it in the post.
Royal Mail delivers Freepost as second class mail.
Important information
Gross interest is the rate of interest payable before the deduction of tax.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Your eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.
Chat to our friendly Customer Service team today.
0345 241 37858:30am to 6pm Monday to Friday
8:30am to 12:30pm on Saturday
You can also pop in to your local branch or book an appointment.
Book an appointment
