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Fixed Rate Regular Saver (Issue 7)

Put money away each month, watch your savings grow and have the comfort of knowing your interest rate is fixed for 1 year.

At a glance

  • You’ll get a fixed interest rate of 6.00% gross p.a./AER for the 12 month term.
  • You can start saving from as little as just £10 a month, and up to £250 a month.
  • You won’t be able to take money out from this account during the 12 month term.
  • We'll pay your interest yearly on the same date the account was opened.

Ready to apply?

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

How to apply

Things to note

  • If you pay in more than £250 in any calendar month, we’ll return the overpayment to you.
  • You can register for our savings portal and view your account online.
  • One account per customer (single or joint).
  • For any Children's Accounts, please apply in branch.
  • You can make any number of monthly payments up to the maximum of £250.
  • 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 17/03/2025.
6.00% Gross p.a./AER fixed
Interest Tier Annual
£10 - £250 per month AER 6.00% Gross 6.00%
View details

Summary box

Account name

Fixed Rate Regular Saver (Issue 7)

What is the interest rate?

Interest Tier Annual Monthly
AER Gross AER Gross
Interest is fixed and paid yearly on the same date the account was opened.
£10 - £250 per month 6.00% 6.00% N/A N/A

Can the West Brom change the interest rate?

No. The interest rate is fixed, so it will not change during the 12 month term of the account.

What would the estimated balance be after 12 months based on a £250 per month deposit?

Deposited amount

Estimated value after 12 months

£250 per month

£3,097.46

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

  • If you make the initial deposit on the day you open the account.
  • If you make 11 following deposits of £250 on the first day of each month (meaning you will have paid in £3,000 into your account).
  • If you don’t take any money out.
  • The interest rate stayed the same.

This example is provided to help you compare savings accounts and doesn't take into account your own circumstances.

How do I open and manage my account?

Opening your account

  • You can open this account in branch only.

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.

How to put money into your account

  • You can open your account with as little as £10.
  • The least you can pay in monthly is £10 and the most you can pay in monthly is £250. The most you can put away over the 12 month term is £3,000.
  • You can make any number of monthly payments up to the maximum of £250. If you pay in more than the maximum monthly deposit of £250 in any calendar month, we'll return the overpayment to you.
  • 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.
  • Electronic payments should leave your bank/building society account by the 23rd of each month to ensure they are processed and paid to your account by the end of the relevant calendar month.
  • If you choose to manage your account in branch, you can pay money in by cash or cheque in one of our branches.

You don't have to make a deposit every month.

Can I withdraw money?

  • No. You can’t take any money out from your account until the end of the fixed term. This includes closing the account or moving your money to another savings account with us.
  • At the end of the 12 month term, your savings (including interest earned) will be reinvested in a variable rate easy access account.

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 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.
  • We'll write to you within 14 calendar days before your account matures, to let you know that your Fixed Rate Regular Saver (Issue 7) is coming to an end and remind you that we'll automatically reinvest your funds into a variable rate easy access account.

Did you know?

How to apply

Other ways to apply

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.

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