Easy-access best buy issued by BM Savings - Savings - News - Moneyfacts


Easy-access best buy issued by BM Savings

Easy-access best buy issued by BM Savings

Category: Savings

Updated: 01/02/2013
First Published: 01/02/2013

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 It is now over 6 months old so the content may be out of date.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 launched an attractive savings account offering a range of rates to savers with differing deposits.

The basics…

The BM Online Reward (Issue 1) pays 1.50% to savers with deposits between £1,000 and £9,999, 1.70% between £10,000 and £19,999, 1.80% between £20,000 and £49,999 and 1.90% for savers with deposits between £50,000 and £1 million. Introductory bonuses of 1.00%, 1.20%, 1.30% and 1.40% all for twelve months are included respectively.

The finer details….

No advance notice is needed to access funds, although a maximum of four withdrawals are permitted within the first twelve months. A rate of 0.50% will be paid upon the fifth withdrawal.

The account is available to savers aged 18 and over and can be operated online only.

Why we like it….

A variety of rates are offered with this appealing no-notice account, which should prove popular with savers looking for short-term access to their money. Four out of five Moneyfacts stars have been awarded.

What next?

Compare the best savings rates
Search all easy access savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Best savings rates

Get a snapshot of the top best buy savings accounts, fixed rate bonds and cash ISAs to help you get more from your money.

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.