Attention: You need JavaScript enabled to use this site.

Our Cookie Policy

We use cookies to ensure that we give you the best browsing experience on our website. This includes cookies from third party analytics providers to help us understand how you use our site so we can continually improve. You can delete and block cookies, but parts of our site won't work without them.   Manage Cookies

Access Regular Saver

Put some money away each month and take it out whenever you need to.

At a glance

  • You’ll get a variable interest rate of 2.85% gross p.a./AER.
  • Minimum opening deposit of £20; minimum monthly deposit of £20; maximum monthly deposit £2,000.
  • If you miss more than two monthly payments during the account year (1 April to 31 March for branch accounts or 1 May to 30 April for postal/online accounts), a lower rate of interest of 2.15% gross p.a./AER will be paid for the rest of the account year. At the start of the next account year, it will go back to the higher variable rate available at that time.
  • You’ll be able to take money out whenever you like.
  • We'll pay your interest yearly.

Ready to apply?

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

Apply online

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.

Working towards a savings goal

Whether you are saving up for something special or just building up some cash for that 'rainy day', setting yourself a savings goal can really help you reach your target faster.

View guide

Things to note

  • You can register for our savings portal and view your account online.
  • You can make any number of monthly payments up to the maximum of £2,000.
  • 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 14/05/2025.
2.85% Gross p.a./AER variable
Interest Tier Annual
Up to 15 June 2025: £20 - £2,000 per month AER 2.85% Gross 2.85%
If more than two monthly payments are missed AER 2.15% Gross 2.15%
From 16 June 2025: £20 - £2,000 per month AER 2.60% Gross 2.60%
If more than two monthly payments are missed AER 1.90% Gross 1.90%
View details

Summary box

Account name

Access Regular Saver

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
We’ll pay your interest once a year on 31 March for branch accounts and on 30 April for postal and online accounts.
Up to 15 June 2025: £20 - £2,000 per month 2.85% 2.85% N/A N/A
If more than two monthly payments are missed 2.15% 2.15% N/A N/A
From 16 June 2025: £20 - £2,000 per month 2.60% 2.60% N/A N/A
If more than two monthly payments are missed 1.90% 1.90% N/A N/A

Can the West Brom change the interest rate?

Yes. The interest rate is variable, so 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.

For details about why we may change the interest rate, as well as how and when we’ll let you know, please refer to sections 5d) and 5e) of our General Terms and Conditions (which are available in our branches and on our website).

All our savings interest rates are available in our branches and online.

What would the estimated balance be after 12 months based on a £20 per month deposit?

Deposit amount

Estimated value after 12 months

£20 per month

£243.91

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

  • You make the initial deposit on or after 16 June 2025.
  • You make 11 deposits of £20 on the first day of each month (meaning you will have paid £240.00 into your account).
  • You didn’t take any money out.
  • The interest rate stayed the same.

Deposit amount

Estimated value after 12 months if more than two monthly payments are missed

£20 per month

£122.26

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

  • You make the initial deposit on or after 16 June 2025.
  • If you make five deposits of £20 on the first day of each month.
  • If you miss six monthly deposits (meaning you will have paid in £120.00 into your account).
  • If you didn’t take any money out.
  • The interest rate stayed the same.

These examples are provided to help you compare savings accounts and do not 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.

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. If you opened it by post, you’ll manage it by post, or you can call us. 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 on our savings portal.

How to put money into your account

  • You can open your account with £20.00.
  • The least you can put in monthly is £20.00 and the most you can put in monthly is £2,000.
  • The minimum operating balance is £1.
  • 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.
  • If you choose to manage your account in branch, you can pay money in by cash or cheque in one of our branches.
  • 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.

Can I withdraw money?

  • Yes. With this account you can take money out whenever you like.
  • If you miss more than two monthly payments during the account year, the lower rate of interest will apply. An account year runs from 1 April to 31 March for branch accounts or from 1 May to 30 April for postal/online accounts. At the start of the next account year the account will go back to the higher variable rate at that time.

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 you your money back with interest straight away.

  • We pay your interest gross. This means tax is not taken off.
  • Please read the Specific Terms and Conditions for this account and our General Terms and Conditions.

Did you know?

Gross interest – is the rate of interest payable before the deduction of tax.

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 09/08/2024.

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.

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

More 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
Savings guides

Savings guides

Take a moment and brush up on all things savings.

Savings guides
Savings FAQs

Savings FAQs

Check out our most frequently asked questions

Savings 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.

Book an appointment
Back to top