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From 16 June 2025 the interest rate on this account will change. Please see the Summary Box tab for more information about the interest rate for this account.
Save without paying tax on the interest you earn and take your money out at any time. You'll get a lower interest rate if you take your money out more than 6 times.
Before you get started, please make sure you've read the summary box and terms & conditions below.
Use our branch finder to find your nearest branch.
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)
Your eligible deposits with West Bromwich Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.
You can request to transfer funds from another ISA provider as part of the online application.
If you're applying in branch or by post and wish to transfer an ISA over to us, please print the correct ISA transfer Letter of Authority and send it to:
FREEPOST THE WESTBROM
| 2.75% Tax-free p.a./AER Variable | |
| Interest Tier | Annual |
| Up to 15 June 2025: £1 - £1,000,000 | AER 2.75% Tax-Free 2.75% |
| If seven or more withdrawals are made | AER 2.15% Tax-Free 2.15% |
| From 16 June 2025: £1 - £1,000,000 | AER 2.55% Tax-Free 2.55% |
| If seven or more withdrawals are made | AER 1.90% Tax-Free 1.90% |
Limited Access ISA (Issue 1)
| Interest Tier | Annual | Monthly | ||
|---|---|---|---|---|
| AER | Gross | AER | Gross | |
| Interest is variable and paid yearly or monthly. If you choose to have your interest paid yearly, we’ll pay it on 30 April. We can add it or pay it into another account. If you choose to have your interest paid monthly, it must be paid to another account. We’ll pay it on the first day of the month. | ||||
| Up to 15 June 2025: £1 - £1,000,000 | 2.75% | 2.75% | 2.75% | 2.72% |
| If seven or more withdrawals are made | 2.15% | 2.15% | 2.15% | 2.13% |
| From 16 June 2025: £1 - £1,000,000 | 2.55% | 2.55% | 2.55% | 2.52% |
| If seven or more withdrawals are made | 1.90% | 1.90% | 1.90% | 1.88% |
Yes. The interest rate is variable, 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.
To find out more information about how we might change your rate, and how we’ll let you know, please read sections 5d and 5e of our General Terms and Conditions.All our savings interest rates are available in our branches and online.
|
Deposit amount |
Estimated value after 12 months |
|
£1,000 |
£1,025.50 |
This example shows what your balance would be after 12 months:
|
Deposit amount |
Estimated value after 12 months |
|
£1,000 |
|
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 online and in branch. You can open it if:
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
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.
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 17/12/2024.
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 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.
Use our branch finder to find your nearest branch.
Important information
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Tax-free means you will not pay income tax on the interest you earn.
ISAs are a savings scheme set up by the Government and they can change the rules at any time.
Your eligible deposits are protected up to a total of £85,000 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.
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