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If you are looking to save each month, but still want to have unlimited access to your money, our Access Regular Saver could be the account for you.
| 3.60% Gross p.a./AER Variable | |
| Interest Tier | Annual |
| £20 - £2,000 per month | AER 3.60% Gross 3.60% |
| If more than two monthly payments are missed | AER 2.50% Gross 2.50% |
Access Regular Saver
| Interest Tier | Annual | Monthly | ||
|---|---|---|---|---|
| AER | Gross | AER | Gross | |
| Interest is variable and paid annually on 31 March for accounts operated in a branch or 30 April for telephone/postal/website accounts. | ||||
| £20 - £2,000 per month | 3.60% | 3.60% | N/A | N/A |
| If more than two monthly payments are missed | 2.50% | 2.50% | N/A | N/A |
The interest rate is variable, so it can go up or down 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.
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 and 5e) of our General Terms and Conditions (which are available in our branches and on our website).
All our interest rates are available in our branches and on our website.
|
Deposit amount |
Estimated value after 12 months |
|
£20 per month
|
£244.87 |
This example assumes:
|
Deposit amount |
Estimated value after 12 months if six monthly payments are missed |
|
£20 per month |
£123.03 |
This example assumes:
These examples are provided to help you compare savings accounts and do not take into account any individual circumstances.
You can open this account in branch, by post or on our website.
The minimum opening deposit is £20. The minimum monthly deposit is £20 and the maximum monthly deposit is £2,000. The minimum operating balance is £1.
If opened in a branch, you will then manage this account in any of our branches. If you open the account by post, you will then manage your account by telephone/post. If the account is opened on our website, you will be able to access your account using our savings portal.
Our savings portal is available for all accounts which have been opened in a branch, by post/telephone or via our website. For more information about how to register for our savings portal and the access it provides, please visit www.westbrom.co.uk/savingsportal
You can pay any amount into your account, up to the maximum account balance. You can:
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 telephone/postal/website accounts. At the start of the next account year the account will go back to the higher variable rate available at that time.
You can make as many withdrawals as you like from this account with no notice period or charge.
If you manage your account in a branch, withdrawals will be subject to the branch cash withdrawal limits (details of these are on display in our branches). If you manage your account by telephone/post/website, withdrawals are made to your linked bank/building society account.
If you change your mind after you’ve opened your account, don’t worry. If you tell us within 14 calendar days, we’ll give you your money back with interest straightaway.
We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.
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 10/08/2023.
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.
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 Access Regular Saver. You should also read the Specific Terms and Conditions and the General Terms and Conditions which relate to this account.
Download and complete your application form, then send it to:
FREEPOST THE WEST BROM
(Please note: this freepost address must appear in uppercase and no further address or stamp are required)
Use our branch finder to find your nearest branch.
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.
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
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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