West Brom BS attractive offer

schiff

Courtesy of Savers' Friend today:
This week, West Brom Building Society launched a competitive easy access savings account. WeBSave Bonus Saver (Issue 4) pays 0.90% gross yearly on a £1,000 minimum opening deposit. This rate includes a 0.30% bonus until 30.11.2021. The account allows unlimited further additions and withdrawals can
be made at any time. It can only be opened and managed online.

schiff

Like Skipton the interest rate is part variable (0.60%) and part fixed (0.30%). Though the minimum opening balance is £1000, the minimum operating balance is £1, providing flexibility.

wiseonesomeofthetime

It is these accounts with the fixed bonus element that I feel will be most attractive at the moment as it guarantees some minimum rate that some may find acceptable.

Thanks for sharing, however, should be in the Savings & Investments forum for relevancy.

BrownTrout

West brom often seem to have decent rates

schiff

schiff said:

Courtesy of Savers' Friend today:
This week, West Brom Building Society launched a competitive easy access savings account. WeBSave Bonus Saver (Issue 4) pays 0.90% gross yearly on a £1,000 minimum opening deposit. This rate includes a 0.30% bonus until 30.11.2021. The account allows unlimited further additions and withdrawals can
be made at any time. It can only be opened and managed online.

No longer available.

Bearingup

Had the dreaded interest reduction email from West Brom today.
Issue 4 of the WeBsave will be reduced to 0.65% (from 0.95%) on the 8th April 2021
Issue 5 (I have this one), from 0.75% to 0.50% on the 8th April 2021
Knew it was coming, but still disappointing.

creditavenger

Just finally managed to move the bulk of my spare monthly RS dripfeed money from the Skipton  to my previously opened WestBrom Websave Bonus Saver (Iss 4) yesterday, to take advantage of their 0.90% interest rate.

Imagine my joy on receiving today's email.

The only good news....Santander made such a hash of the transfer, they paid me £50 compensation for all the hassle, worry, and delay they caused me. It's a sad day when compensation for incompetence provides more income than the lackluster interest rates.

Where to go next I wonder.