BM Savings has launched a highly competitive one-year fixed rate bond for those savers with larger amounts to invest.
The 1 Year Fixed Rate Bond pays tiered interest that depends on the amount invested.
Balances between £1 and £49,999 will earn 1.60% yearly, or 1.59% monthly.
Those with over £50,000 to invest will earn a significantly higher 1.90% yearly, or 1.88% monthly.
Early access to funds once invested or further additions once the issue has closed will not be allowed.
Savers must operate this account via the internet or telephone.
BM Savings has re-entered the short-term fixed market with this competitive one year offering.
Savers with balances over £50,000 will earn a top 10 rate if investing with this account.
Four out of five Moneyfacts Stars have been awarded.
Looking for the best savings rate? Use our Savings search tool
Compare the best available one 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 Any products featured may be withdrawn by their provider or changed at any time.
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