Is it safe? / West Brom BS
Is West Brom BS safe?
Yes — West Brom BS is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the West Brom Building Society banking licence (West Brom Building Society (mutual)).
Protection
FSCS to £120,000
Licence holder
West Brom Building Society
Parent company
West Brom Building Society (mutual)
West Brom BS's current savings rates
- 18 Month Fixed Rate Bond4.9% AER
- Four Access Saver (Issue 6)4.05% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.