One-year bond launched by BM Savings - Savings - News - Moneyfacts

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One-year bond launched by BM Savings

One-year bond launched by BM Savings

Category: Savings

Updated: 04/01/2013
First Published: 04/01/2013

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 It is now over 6 months old so the content may be out of date.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 a one-year bond paying a range of competitive rates over differing investment tiers.

The basics…

Savers with investments between £1 and £9,999 will receive a rate of 2.15% whilst deposits between £10,000 and £24,999 will see a return of 2.35%. Savers with deposits of £25,000 and £49,999 will receive 2.55%, whilst those with higher deposits between £50,000 and £10 million will receive 2.75%.

The finer details….

Further additions are not permitted with this bond. Early access is allowed, subject to a 90 days' loss of interest penalty.

The account can be operated by post by savers aged 16 and over.

Why we like it….

This one-year bond offers the attractive combination of competitive rates and flexibility with accessing funds.

Savers must be willing to place as high a deposit as possible to achieve the best return, owing to the fact that no further additions are accepted once the issue is open.

Four out of five Moneyfacts stars have been awarded.

What next?

Find and compare the best savings rates

Find the best 1 year fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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