Birmingham Midshires phones it in - Savings - News - Moneyfacts


Birmingham Midshires phones it in

Birmingham Midshires phones it in

Category: Savings

Updated: 03/04/2009
First Published: 03/04/2009

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 It is now over 6 months old so the content may be out of date.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 boosted its portfolio of easy access products with the launch of a new no notice telephone operated account.

Consumers will benefit from a rate of 2.00%, paid yearly or monthly, which includes a 1.00% bonus for six months, on a minimum investment of £50

The rate, which sits just below the current market leading no notice, non internet accounts, is guaranteed to be 1.50% above the base rate for six months and 0.50% above thereafter. Interest paid after six months and then annually.

In the current climate, the double rate guarantee should win favour with consumers, although they should review their position after six months when the bonus expires.

The prospect of unlimited withdrawals is a welcome one for a product that 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 Any products featured may be withdrawn by their provider or changed at any time.

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