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Fix for two years with Birmingham Midshires

Fix for two years with Birmingham Midshires

Category: Savings

Updated: 14/02/2011
First Published: 14/02/2011

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 It is now over 6 months old so the content may be out of date.

Birmingham Midshires has launched a couple of new fixed bonds that pay markedly more than the rest of the products in their class.

The 2 Year Fixed Rate Bond is a postal operated account with a minimum investment of £1 paying 3.85% yearly (3.78% monthly).

The 2 Year Internet Fixed Rate Bond is operated online and pays a yearly rate of 3.85% (3.78% monthly) on a minimum investment of £1.

On both accounts: earlier access is subject to 180 days' loss of interest in year one and 90 days' in year two. Additions are permitted whilst the issue remains open.

This latest addition to Birmingham Midshires' existing portfolio of fixed rate bonds takes pole position, well ahead of the market leaders, at 0.10% above its nearest rival when compared to other two year fixed products.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

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