West Brom Building Society Delivers More Choice for Customers with Online Savings Account at 3.01%

March 9, 2011 - PRLog -- The West Bromwich Building Society is offering savers a rate of 3.01% AER variable through its new WeBSave Easy Access online savings account.

Better still, savers don’t have to compromise on access to their money in order to enjoy this market leading rate.

The WeBSave Easy Access account is completely web-based, with both applications and all account management taking place on the building society’s website.

Interest is paid either monthly or annually and there are no restrictions on the number of withdrawals customers can make.  

The WeBSave Easy Access account forms part of a portfolio of highly competitive savings products provided by the West Brom through its WeBSave platform.

These include WeBSave Plus, which pays 2.61% AER/gross p.a. variable, and the WeBSave ISA, a cash ISA account paying 2.85% AER variable tax free which accepts transfers in from previous years’ ISAs.

Stephen Leonard, the West Brom’s Division Director for Marketing and E-Commerce, said online saving was becoming an increasingly important part of the building society’s product offering.

He said: “The way we manage our money is undoubtedly changing with ever increasing numbers of people favouring the convenience and flexibility of online savings accounts.

“There is a huge amount of choice in the market, which means providers have to develop a range of innovative products with rates and features designed to meet many different savings needs.

“Our latest offering, WeBSave Easy Access, combines a best buy rate of 3.01% AER variable with unlimited withdrawals, while the WeBSave platform itself is fast becoming a one-stop-shop for customers eager to make the most of their money at a time that suits them.”

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


Product Summary: 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 www.westbrom.co.uk


END