New bonds and ISA from Birmingham Midshires

Category: Savings
Date: 11/26/2009

Birmingham Midshires has launched a number of new products, all of which impress and are likely to appeal to investors.

They are: 4 Year Fixed Rate Bond, which is a postal operated account with a minimum investment of £1 paying 5.00% yearly (4.89% monthly). Earlier access on 320 days loss of interest in year 4, 270 days loss of interest in year 3, 180 days in year 2 and 90 days in year 1.

The 5 Year fixed Rate is also operated by post with a minimum investment of £1 paying 5.15% yearly (5.03% monthly). Earlier access on 365 days loss of interest in year 1, 320 days in year 2, 270 days in year 3, 180 days in year 4 and 90 days in year 5.

The 5 Year Fixed Rate ISA is a postal operated Cash ISA with a minimum investment of £500 paying 4.55% yearly (4.46% monthly). Earlier access and transfers out on 365 days loss of interest in year 1, 320 days in year 2, 270 days in year 3, 180 days in year 4 and 90 days in year 5.. Transfers in are accepted.

Additions are permitted on all three products whilst the issue remains open, and applications can be carried out online or over the phone

All three have been awarded four out of five Moneyfacts stars.