Winter Ready savings account

Winter Ready savings account

No. The interest rate is fixed so will stay the same.

Opening your account

• You can open this account in branch and online. 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.

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 on our savings portal.

How to put money into your account

• You can open your account with as little as £1.
• The least you can pay in monthly is £1 and the most you can pay in monthly is £100. The most you can put away over the 10 month term is £1,000.
• You can make any number of monthly payments up to the maximum of £100. If you pay in more than the maximum monthly deposit of £100 in any calendar month, we'll return the overpayment to you.
• 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.
• If you choose to manage your account online, 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.

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.

We'll write to you within 14 calendar days before your account matures, to let you know that your Winter Ready savings account is coming to an end and remind you that we'll automatically reinvest your funds into a variable rate easy access account.

Prize draw:

By opening the Winter Ready savings account, you’ll be automatically entered into a free prize draw (subject to meeting the eligibility criteria detailed in the product leaflet). If you don’t want to be entered into the prize draw, please contact us by emailing marketing@westbrom.co.uk.

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