What is the interest rate?
|Interest is variable and paid annually (calculated to 5 April and paid on 6 April each year).
|£1 - £250,000
Can the West Brom change the interest rate?
We may change the interest rate we pay on the WeBSaveR ISA 2 at any time.
If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change.
All our interest rates are available in our branches and on our website.
If you would like to find out more please read Sections 5d) and 5e) of your General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
If you saved £1,000 in the WeBSaveR ISA 2 the estimated balance after 12 months would be £1,009.00.
This example assumes the initial deposit of £1,000 is made on 1 April 2019 and no further deposits or any withdrawals are made and there are no changes to the interest rate paid on the account over the 12 months. It is provided for illustrative purposes only and does not take into account your individual circumstances.
How do I open and manage my account?
This account can only be opened and used online. You cannot use this account over the telephone or at a branch.
You can open the WeBSaveR ISA 2 with a minimum deposit of £1,000 up to your annual Cash ISA limit of £20,000 for the tax year 6 April 2019 - 5 April 2020. The maximum balance is £250,000 (including transfers from other Cash ISAs) and the minimum operating balance once the account is open is £1.
Additional deposits can be made at anytime up to the maximum allowed.
Can I withdraw money?
You can have full, easy access to your money without losing the tax benefit on the rest of your savings within the WeBSaveR ISA 2. Please remember, if you withdraw from your account you cannot reinvest that amount back into the WeBSaveR ISA 2 in the same tax year if your total deposits will exceed your yearly allowance.
Interest on this account is paid tax-free.