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Saddlers Super Saver Account

The savings account that helps supporters of Walsall Football Club raise money for their club through an annual bonus.

Key features

  • A variable rate of interest of 0.05% Gross p.a./AER.
  • Easy access to your savings with unlimited withdrawals
  • Minimum opening balance of £100 (adults) £25 (for under 16s); minimum operating balance of £1; maximum investment £1,000,000 (£2,000,000 for joint accounts)
  • Make additional investments up to the maximum allowed
  • Interest is paid annually and can be paid into the account, another West Brom account or to another bank or building society account
  • One account per customer (single or joint)
  • By opening an account, you’ll be helping your favourite football team, because we make a cash payment each year to Walsall Football Club equal to 0.25% of the total average balance held in all Saddlers Super Saver Accounts. This helps the club to fund Walsall Youth Development
  • This is a Branch only account and cannot be used over the telephone, through the post or online.
0.05% Gross p.a./AER Variable
Interest Tier Annual
£1 - £2,000,000 AER 0.05% Gross 0.05%
View details

Summary Box

Account name

Saddlers Super Saver Account

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
Interest is variable and paid annually on 1 April.
£1 - £2,000,000 0.05% 0.05% N/A N/A

Can the West Brom change the interest rate?

We may change the interest rate we pay on the Saddlers Super Saver Account 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 Saddlers Super Saver Account the estimated balance after 12 months would be £1,000.50.

This example assumes the initial deposit of £1,000 is made on 11 May 2020 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 at a branch. You cannot use this account over the telephone, through the post or online.

You can open the Saddlers Super Saver Account with a minimum deposit of £100 (adults) or £25 (for under 16s). The maximum balance is £1,000,000 (£2,000,000 joint accounts) and the minimum operating balance once the account is open is £1 for both adults and children.

Additional deposits can be made at any time up to the maximum allowed.

Can I withdraw money?

You can make unlimited withdrawals with no notice period or charge (subject to branch cash withdrawal limits).

If you would like access to your interest, you can do so once it has been paid into your account on 1 April each year.

Additional information

Interest on this account is paid Gross, without the deduction of tax.

Did you know?

Gross interest – Gross is the rate of interest without the deduction of tax.

AER – stands for Annual Equivalent Rate and this illustrates the amount of interest paid on your account if it were to be paid and compounded once a year. All rates quoted are correct as at 11/05/2020.

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.

Terms and conditions

Here you will find both Product Specific and General Terms and Conditions.

The information provided in the Summary Box is a summary of the key features of the Saddlers Super Saver Account. You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.

Extra benefits of opening this account:

Opening balance:

  • £25 - Signed Walsall Football Club football
  • £50 - 2 match tickets (league games only)*
  • £100 - 4 match tickets (league games only)*
  • £250 - 2 Sporting Dinner tickets (inc. 3 course meal)*
  • £500+ - 4 matchday hospitality packages (league games only)*

* subject to availability. Please note: tickets will be sent when usual match day conditions resume.

Keeping your money safe

FSCS logo

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.

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