Birmingham Midshires One Year Bond rates raised

www.moneynews.co.uk > Banking > Birmingham Midshires One Year Bond rates raised

Birmingham Midshires One Year Bond rates raised

Wed 5th Jul 2006

Birmingham Midshires has raised the interest rate on its fixed rate bond product it has been announced.

The Birmingham Midshires One Year Bond will now offer savers an interest rate of 5.3 per cent gross for the full year term.

Customers can benefit from the flexible interest payment arrangements on the fixed rate bond as interest can be paid annually or monthly.

Moneyfacts, the price comparison website, has described the new investment option as a "beat-buy" product and investments can be made of anything over £1.

Richard Brown, head of savings products at Birmingham Midshires, commented: "We're consistently reacting to the needs of customers in achieving good fixed rates of interest over a year long period.

"Customers should move quickly to grab this market-leading rate," he concluded.

Birmingham Midshires was formed in 1849 as the result of an amalgamation of 50 building societies.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'