Birmingham Midshires has launched a new issue of its three year bond, which pays an improved rate compared to its predecessor.
The 3 Year savings account is a postal operated account that pays 4.55% yearly (4.46% monthly) on a minimum investment of £1. Early access is subject to 90 days' loss of interest and additions are permitted whilst the issue is open.
The account sits within the top five of 3 year bonds and should prove popular with those who prefer to bank using the postal system. A low minimum investment and flexible terms for additions and withdrawals will also help.
The product has been awarded four out of five Moneyfacts stars.
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