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Birmingham Midshires rides to savers rescue

Birmingham Midshires rides to savers rescue

Category: Savings

Updated: 09/02/2010
First Published: 08/02/2010

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 is riding high in the three year fixed rate bond market with the launch of two new products.

Both the postal operated account and the internet operated version pay a rate of 4.50% yearly (4.41% monthly), leaving them well placed in terms of returns in their respective fields.

Requiring a minimum investment of just £1, further additions can be made while the issue remains open.

Meanwhile, the bonds also offer the ability to make withdrawals on a sliding penalty scale: early access is allowed in the first year on the loss of 270 days' interest, in the second on the loss of 180 days and in the third on the loss of 90 days.

The four out five Moneyfacts stars these products have been awarded are richly deserved.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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