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Put your money away for a year and enjoy the certainty of a fixed rate.
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.
| 3.50% Gross p.a./AER Fixed | |
| Interest Tier | Annual |
| £1,000 - £2,000,000 | AER 3.50% Gross 3.50% |
1 Year Fixed Rate Bond
| Interest Tier | Annual | Monthly | ||
|---|---|---|---|---|
| AER | Gross | AER | Gross | |
| £1,000 - £2,000,000 | 3.50% | 3.50% | 3.50% | 3.45% |
No. The interest rate is fixed so will stay the same.
|
Estimated value after 12 months |
Interest earned |
|
£1,035.00 |
£35.00 |
This example shows what your balance would be after 12 months:
This example is provided to help you compare savings accounts and doesn't take into account your own circumstances.
Opening your account
Managing your account
How to put money into your account
You can pay more money into the account up to 10 April 2026. This date may be earlier if the account is no longer on offer. We won’t contact you to tell you when the account is no longer on offer, but if you send any money after this time, we’ll return it to you.
No. You can’t take money from your account until the Fixed Rate Bond term ends. This includes moving your money to another savings account with us.
If your interest is paid yearly and added to your account, you won’t be able to take it out during the fixed term. However, you can arrange for your interest to be paid directly to another bank or building society account. Monthly interest is paid directly to another bank or building society 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.
We pay your interest gross. This means tax is not taken off.
We’ll write to you within 14 days before your bond matures to tell you your options, including how you can re-invest or take out your savings.
If we don’t hear from you, we’ll transfer your balance to either another fixed rate Bond of a similar or shorter term or if a Bond isn’t available an easy access account.
You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.
Gross – 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 06/03/2026.
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.
Use our branch finder to find your nearest branch.
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.
If you have some questions or want to see how much you need to save before making any decisions, we have some handy tools and guides to help.
Chat to our friendly Customer Service team today.
0345 241 3785 8:30am and 6pm Monday to Friday8:30am to 12:30pm on Saturday
You can also pop in to your local branch or book an appointment.
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