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BM Savings introduces new variable account

BM Savings introduces new variable account

Category: Savings

Updated: 11/01/2012
First Published: 11/01/2012

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 It is now over 6 months old so the content may be out of date.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 replaced its straightforward internet account with a bonus option with tiered rates and an increased minimum investment.

The Online Extra account pays up to 3.20%, which is a market leading rate, although an investment of £50K is required to achieve this return, and it also includes a 2.70% bonus.

The minimum investment of £1K pays 2.60% with a 2.10% bonus and those with £20K to invest will receive 3.00% including a 2.50% bonus.

A review will be required after 12 months when the bonus drops off.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.