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Birmingham Mid launches leading long term account

Birmingham Mid launches leading long term account

Category: Savings

Updated: 18/02/2010
First Published: 18/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Birmingham Midshires has launched a new four year fixd rate deal that is the market leader in its field.

The 4 Year Fixed Rate Bond is a postal operated account paying a yearly rate of 4.50% (4.41% monthly).

Early access is subject to 320 days' loss of interest in year one, 270 days in year two, 180 days in year three and 90 days in year four. Additions are permitted whilst the issue remains open.

At 4.50%, the product is a market leader and should prove popular with investors. Early access, albeit subject to penalty, is also an advantage, as is the monthly interest option.

The product has been awarded four out of five Moneyfacts stars.

Find the best savings accounts for you - long term fixed rate bonds

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