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

News

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

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 It is now over 6 months old so the content may be out of date.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close