Oak Account - West Bromwich Building Society

Oak Account

West Bromwich Building Society
0.05 % AER
Headline Interest Rate
Easy Access
FSCS
Compensation Scheme
£ 10 min initial deposit
£ 100,000 max balance
  • Open By:

About the account

Account Type: Easy Access
Headline Interest Rate: 0.05 % AER
Headline Interest Balance: £ 10
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10
Date account was introduced: 07 Mar 2005
Date of last rate changed: 07 Mar 2005
Maximum rate change: -0.2 %

This account may be appropriate for you if

  • You are over 60 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£100.05%0.05%0.05%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 0
Maximum Balance: £ 100,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Minimum Withdrawal: £ 1

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse
Restricted Availability: This account is only available to customers who commit to pay their state pension by standing order or BACs into the account.

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