BM Savings has replaced its straightforward internet account with a bonus option with tiered rates and an increased minimum investment.
The Online Extra account pays up to 3.20%, which is a market leading rate, although an investment of £50K is required to achieve this return, and it also includes a 2.70% bonus.
The minimum investment of £1K pays 2.60% with a 2.10% bonus and those with £20K to invest will receive 3.00% including a 2.50% bonus.
A review will be required after 12 months when the bonus drops off.
Four out of five Moneyfacts stars have been awarded.
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