Birmingham Midshires launches new bond - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Birmingham Midshires launches new bond

Birmingham Midshires launches new bond

Category: Savings

Updated: 11/03/2009
First Published: 11/03/2009

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 It is now over 6 months old so the content may be out of date.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 unveiled a new online 11 month fixed rate bond that pays 3.72% on maturity.

The product requires a minimum investment of just £1 and while no early access is permitted, additions are allowed whilst the issue remains open.

Its rate pays 0.72% more than the internet 1 year fixed rate bond which it replaces and goes straight into the top three of short term bonds available.

A probable hit with consumers who prefer internet banking, its monthly option at 3.67% could well appeal to those who are looking to supplement their income. Clients should ensure they can commit to the full term as no early access is permitted.

The online 11 month fixed rate bond earns four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.