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5 Year Fixed Rate ISA

Save without paying tax on the interest you earn and enjoy the certainty of a fixed rate for 5 years.


At a glance

  • You'll have a fixed interest rate of 3.55% tax-free p.a./AER fixed until 30 April 2030.
  • You can start saving with as little as £1, up to £20,000 for the current tax year, plus transfers.
  • You can take money out, move it or close your account early, but if you do, we’ll charge you 365 days loss of interest.
  • We'll pay your interest yearly and at maturity.

Ready to apply?

Before you get started, please make sure you've read the summary box and terms & conditions below.

Apply online

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.

Transferring funds from another ISA provider?

If you applying online and want to transfer funds from another ISA provider into this new West Brom ISA, we will capture information regarding your ISA transfer as part of your online application.

For branch and post applications, please print the appropriate ISA transfer Letter of Authority and send it to:

FREEPOST THE WEST BROM
(please write the address exactly like this, all in upper case and on one line. You don’t need to use a stamp. Please note: Royal Mail delivers Freepost as second class mail)

Things to note

  • You can transfer up to £1,000,000 from any other Cash or Stocks and Shares ISAs into this account.
  • You can register for our savings portal and view your account online.
  • You can only apply for this account as a sole applicant.
  • When you open an account, we may need to confirm your identity. For full details please refer to the Important information on identification leaflet.
  • All rates quoted are correct as at 11/04/2025.

Transferring funds from another ISA?

You can ask to transfer money from another ISA as part of the online application.

If you are applying in branch or by post and wish to transfer money from an ISA to us, please print the correct ISA transfer Letter of Authority and send it to:

FREEPOST THE WESTBROM

  • 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.
3.55% Tax-free p.a./AER fixed
Interest Tier Annual
£1+ AER 3.55% Tax-Free 3.55%
View details

Summary box

Account name

5 Year Fixed Rate ISA

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
We’ll pay your interest yearly starting on 30 April 2026. We can add it to your account or pay it into another account.
£1+ 3.55% 3.55% N/A N/A

Can the West Brom change the interest rate?

No. The interest rate is fixed so will stay the same.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Estimated value after 12 months

Interest Earned

£1,035.50

£35.50

This example shows what your balance would be after 12 months:

  • If you paid in £1,000 when you opened the account.
  • If you didn’t pay more money in or take any out.
  • The interest rate stayed the same.

This example is provided to help you compare savings accounts and doesn't take into account your own circumstances.

 

How do I open and manage my account?

Opening your account

You can open this account online, by post or in branch if:

  • You were 16 or 17 as of 5 April 2024, and you don’t already have a Cash ISA

You can have a single Cash ISA in one tax year until you’re 18.

You can open more than one Cash ISA with the West Brom in the same tax year. You can also open Cash ISAs with other providers and pay into them all, as long as you don’t go over the £20,000 limit.

Managing your account

  • You’ll need to manage your account in the same way that you opened it. For example, if you opened it in branch, you’ll manage it by going into any of our branches. If you opened it by post, you’ll manage it by post or you can call us. You can register to view your account on our savings portal at www.westbrom.co.uk/savingsportal.
  • If you opened your account online, you’ll manage it on our savings portal.

 

How to put money into your account

  • You can open your account with £1, up to your yearly Cash ISA limit of £20,000 for the tax year 6 April 2025 to 5 April 2026.
  • The most you can have in your account is £1,000,000, and this includes transfers from other ISAs. 
  • You can make electronic payments from another bank or building society account. Our sort code is 40-64-36. You should use this with your 8 digit account number for all electronic payments, and if you want to transfer money from another ISA.
  • You can pay money in by cash or cheque in one of our branches. Please bring your Certificate of Investment with you.
  • You can post a cheque to us, made out to the name of the account holder, with your name and address written on the back in capital letters. Post it to:
    FREEPOST THE WESTBROM
    Royal Mail delivers Freepost as second class mail. 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.

You can pay more money into the account up to 8 May 2025. 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.

Can I withdraw money?

  • Yes. But we’ll charge you 365 days loss of interest. This is called an early access charge.
  • We’ll take this from any interest you have earned. If you haven’t earned enough interest to pay the charge, we’ll take it from your account balance. Once we’ve taken the money from your ISA, it can’t be paid back in.

Additional information

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 tax-free. This means you won’t pay any tax on the interest you earn.
  • We’ll write to you within 14 days before your ISA 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 ISA of a similar or shorter term or, if such an ISA isn’t available at the time, a variable rate ISA.
  • Please read the Specific Terms and Conditions for this account and our General Terms and Conditions.

Did you know?

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 11/04/2025.

Tax-free – means you will not pay income tax on the interest you earn.

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 will be free from income tax. (There is no allowance for additional rate taxpayers.) From this date, we stopped deducting any tax from the interest we pay you (ISAs are tax-free). You are responsible for paying any tax due to HM Revenue & Customs (HMRC). For further information 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.

How to apply

Other ways to apply

Apply online

Apply in branch

Use our branch finder to find your nearest branch.

Your savings are protected

Your eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

Find out more

Protecting your money

Savings toolkit

Savings calculator

Savings calculator

Crunch the numbers and see how much you could save over time.

Savings calculator
Making the most of your ISA

Tax-free savings guide

Wondering how tax-free savings work? Our guide could help.

View guide
ISA FAQs

Our top ISA FAQs

Check out our most frequently asked questions.

ISA FAQs
Contact us

We're here to help

Chat to our friendly Customer Service team today.

0345 241 3785

schedule 8:30am to 6pm Monday to Friday

schedule 8:30am to 12:30pm on Saturday

You can also pop in to your local branch or book an appointment.

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