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Best buy savings from BM

Best buy savings from BM

Category: Savings
Date: 01/10/2013

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 It is now over 6 months old so the content may be out of date.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 upped the rates on its one-year fixed and easy access savings accounts by up to 0.30%.

The basics…

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.

The finer details…

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.

Why we like it…

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.

What Next?

Compare the best one year fixed rate bonds

Compare the best easy access account

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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