BM Savings increases postal rate - Savings - News - Moneyfacts


BM Savings increases postal rate

BM Savings increases postal rate

Category: Savings

Updated: 28/03/2012
First Published: 28/03/2012

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 It is now over 6 months old so the content may be out of date.

BM Savings has increased the rate available on its popular two year postal bond.

This fixed rate review sees the two year account increase by 0.30% to 3.90%, meaning it now sits just below the market leader in the two year fixed sector.

Unlike many bonds it does have the advantage of allowing access to funds on up to 180 days' loss of interest.

This, together with the low minimum investment of £1, should give it widespread appeal - especially as applications can be made online.

Four out of five Moneyfacts stars have been awarded.

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