Birmingham Midshires launches fixed rate ISA - Savings - News |

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Birmingham Midshires launches fixed rate ISA

Birmingham Midshires launches fixed rate ISA

Category: Savings

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 It is now over 6 months old so the content may be out of date.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 two year fixed rate ISA that should appeal to savers who prefer to transact online.

The Internet 2 Year Fixed Rate ISA is a cash product paying a yearly rate of 3.50% (3.45% monthly) on a minimum investment of £500.

Early access and transfers out are permitted on 180 days' loss of interest in the first year and 90 days' loss of interest in the second.

Transfers in are not allowed, but further additions are permitted whilst the issue remains open.

This is one of the Best Buy rates in the market, although savers will not be able to transfer ISA money in from other accounts.

However, the ability to access money, albeit with a heavy penalty, is a definite plus.

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

Find the best savings accounts for you - Compare fixed rate cash ISAs

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