BM Savings has upped the rates on its one-year fixed and easy access savings accounts by up to 0.30%.
1 Year Fixed Rate Bond now pays a market-leading 2.00% on a minimum investment of £1 up to a maximum of £10 million.
Meanwhile, issue 4 of its easy access savings account – BM Online Reward – now pays a chart-topping 1.70% on a minimum investment of £1,000. Savers must remember to review the account in 12 months' time as this rate includes a 1.20% bonus.
For the one-year fixed account, savers will not be allowed to access funds early or make further additions.
BM Online Reward, however, allows four penalty-free withdrawals per year. If five or more withdrawals are made, then rate will fall to 0.50%. It also permits further additions.
Both accounts can be applied for and operated online.
These rate increases further improve the positions of these best buy savings products. BM Online Reward is now the top-paying easy access account with a bonus, while the one-year fixed rate product pays the second highest rate.
Four 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 Any products featured may be withdrawn by their provider or changed at any time.
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