West Brom makes Online Saving ‘Easy’ with new 3.06% account

The West Brom is adding to its choice of online savings accounts, with market leading rates ensuring competitive returns.

The building society’s latest addition is WeBSave Easy Access 2, which offers a rate of 3.06% AER/gross p.a. variable on balances of £1,000 and over up to a maximum of £100,000.

The rate includes a 1.06% unconditional bonus paid until 31 August 2012.

Three withdrawals can be made in each account year with no loss of interest. Subsequent withdrawals will incur a charge equal to 60 days loss of interest on the amount withdrawn.

Stephen Leonard, the West Brom’s Divisional Director for Marketing and E-Commerce, said: “WeBSave Easy Access 2 is ideal for customers looking for a competitive rate and who want the freedom and flexibility that comes with managing their money online.

“It further illustrates the West Brom’s commitment to rewarding customers with market leading returns on their savings at a time when the Bank of England Base Rate remains at an unprecedented low level.”

WeBSave is the West Brom’s online savings platform. All product applications, transfers and withdrawals are carried out via the website, westbrom.co.uk.

Additional accounts for web customers available now include WeBSave Plus 2, which offers a best buy standard rate of 2.81% AER/gross p.a. variable with no bonus.

For tax free savings there is WeBSave ISA 2 paying 2.92% AER variable (2.91% tax-free p.a.) and the Four Year Fixed Rate ISA 2 at 4.00% AER/gross p.a. tax free.