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Birmingham Midshires impresses with four year bond

Birmingham Midshires impresses with four year bond

Category: Savings

Updated: 17/03/2010
First Published: 17/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Birmingham Midshires has re-entered the fixed rate savings account market, impressing with a four year bond that sits amongst the sector's market leaders.

The four year fixed rate bond is a postal operated account with a minimum investment of £1 paying a yearly rate of 4.15% (4.07% monthly).

Earlier access is subject to 320 days loss of interest in year one, 270 days in year two, 180 days in year three, and 90 days in year four. Additions are permitted whilst the issue remains open.

Investors can apply online or over the phone, and money must be new to the institution.

Early access on funds is a plus but investors must be prepared to tie their money in for a longer period to fully benefit from the rate on offer. The monthly option should also appeal to those looking to supplement their income.

Four out of five Moneyfacts star have been awarded.

Compare long term savings accounts

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