West Brom launches easy access savings account paying 3%

The West Brom has added WeBSave Easy Access to its fast growing portfolio of internet based savings products.

The new account offers a best buy rate of 3.01% AER variable, with interest paid either monthly or annually and no restrictions on the number of withdrawals.

Stephen Leonard, the West Brom’s Divisional Director for Marketing and E-Commerce, said: “We are pleased to introduce another market leading savings option for our online customers.

“A best buy rate at launch comes with unlimited withdrawals and the convenience of being able to manage the account 24-7 via the internet. It is a simple, flexible and hassle-free way for people to maximise their savings.”

WeBSave is the West Brom’s online savings channel accessible at westbrom.co.uk, which also includes the WeBSave Plus (2.61% AER/gross p.a. variable) and WeBSave ISA (2.85% AER variable tax free) accounts.

WeBSave Easy Access:

Offers a rate of 3.01% AER variable (3.00% gross p.a. variable). This includes a 2.00% unconditional bonus paid until 31 March 2012

Minimum opening balance of £1,000. Additional investments can be made at any time up to a maximum balance of £250,000 (single and joint)

There are no restrictions on the number of withdrawals, providing the account retains a minimum operating balance of £1

Available to new and existing West Brom customers. Applications and all account management carried out online at westbrom.co.uk.