BM Savings launch two-year treat - Savings - News - Moneyfacts

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BM Savings launch two-year treat

BM Savings launch two-year treat

Category: Savings

Updated: 19/12/2012
First Published: 19/12/2012

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 It is now over 6 months old so the content may be out of date.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 rates on its 2 Year Fixed Rate Bond by 0.45%, boosting its position in the medium-term bond market.

The basics…..

This competitive postal-only bond pays 2.35% to savers with deposits between £1 and £9,999, 2.55% for between £10,000 and £24,999, 2.65% for between £25,000 and £49,999 and 2.75% for investments between £50,000 and £10 million.

The finer details…..

Further additions can be made whilst the issue remains open and early access to funds is permitted, although this is subject to penalty depending on the outstanding term of the deal.

Savers with up to two years left remaining will incur a 180 days' loss of interest penalty, whilst a 90 days' loss will apply to those with one year left to run.

Why we like it…..

This attractive bond pays a variety of competitive rates for savers looking for a flexible fixed-rate bond. Four out of five Moneyfacts stars have been awarded.

What next?

Find the best Fixed Rate Bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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