Fixed Rate Regular Saver (Issue 8)

Fixed Rate Regular Saver (Issue 8)

The interest rate is fixed, so it won’t change during the 12 month term of the account.

Opening your account

• You can open this account online and in branch. To open an account online you must live in one of our branch postcode areas B (Birmingham), DY, WV, WS or SY.
• You can’t open this account over the phone or by post.
• You can only have one Fixed Rate Regular Saver (Issue 8) open at any one time (whether single or joint).

Managing your account

• You’ll manage your account in the same way that you opened it. For example, if you opened it in branch, you’ll manage this in any of our branches. You can also 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 using our savings portal.

How to put money into your account

• You can open your account with £1, and the minimum operating balance is £1.
• You can pay more money into the account at any time up to £200 per calendar month. If you pay in more than £200 in any calendar month, we’ll return the overpayment to you. You don’t have to pay money in every month.
• No matter how you choose to manage your account, you can make electronic payments or set up a standing order from another bank or building society account. Our sort code is 40-64-36. You should use this with your 8 digit account number.
• You can pay money in by cash or cheque in one of our branches.

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 isn't taken off.

Please read the Specific Terms and Conditions for this account and our General Terms and Conditions.

We’ll write to you, within 14 calendar days before your account matures, to let you know that your Fixed Rate Regular Saver (Issue 8) is coming to an end and remind you that we’ll automatically reinvest your funds into another appropriate regular saver or a variable rate easy access account.