West Brom makes it easy to save tax-free

The West Brom is adding to its range of online savings accounts by introducing a cash ISA version of its popular Easy Saver account.

WeBSave Easy Saver ISA pays up to 1.55% in interest and offers savers unlimited access to their funds without notice or charge.

Transfers of current and previous years’ ISA subscriptions are accepted from both Cash and Stocks and Shares ISAs.

As with the non-ISA variant – WeBSave Easy Saver – the interest rates on offer from the West Brom are tiered depending on how much customers are able to invest.

For balances over £15,000, the full 1.55% tax-free gross p.a/AER variable is received. Balances above £5,000 but below £15,000 earn 1.10% and those below £5,000 receive 0.75%.

The account is opened and operated via the West Brom’s website and the minimum opening balance is £1,000. Additional deposits can be made at any time, subject to ISA limits and up to the maximum account balance of £250,000.

David Taylor, the West Brom’s Head of Products, said: “We are pleased to be extending our internet offer to incorporate a competitive new option for tax-free savings. The premise of the account is simple – the more people are able to save, the better rate of interest they can earn.