West Brom WeBSave ISA pays 3.18%

The latest issue of the West Brom’s WeBSave ISA offers savers an attractive tax free interest rate combined with the flexibility of online account management.

The building society’s WeBSave ISA 6 cash ISA pays 3.18% AER (3.16% tax free variable), which includes an unconditional bonus of 1.66% up to 30 September 2013.

Transfers in are accepted for savers with existing ISA balances up to a maximum of £75,000.

Additional investments can be made at any time subject to ISA rules, which permit up to £5,640 to be deposited during the 2012/13 tax year. However, the maximum account balance still must not exceed £75,000.

Customers apply for and manage their accounts via the West Brom’s website. The minimum opening balance for WeBSave ISA 6 is £1,000.

Withdrawals and account closures require 60 days’ notice or can be made immediately with 60 days’ loss of interest.

Stephen Leonard, the West Brom’s Divisional Director for Marketing and E-Commerce, said: “WeBSave ISA 6 combines a great rate with online access, so customers can manage their money at a time to suit them.

“One of the golden rules of saving is to always maximise your annual tax free options and by allowing transfers in with this particular account we are helping long term savers as well as those who are just starting out.”

The West Brom is a leading provider of financial products and services and the sixth largest building society in the UK.

For more information, visit westbrom.co.uk.