BM fixed-bond rates 'reduced'

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BM fixed-bond rates 'reduced'

Thu 26th Apr 2007

Birmingham Midshires (BM) has increased its one-year fixed-bond rate from 6.16 to 6.23 per cent.

Now fixed at some 0.98 per cent above the Bank of England base rate, the BM bond will offer customers "consistently good returns", says Jason Robinson, director of savings and investments at the group.

With a minimum balance of just £1, compared to a number of other fixed-bond deals which necessitate a larger opening investment, Mr Robinson added: "Savers should move swiftly to make the most of this great rate."

Flexibility is also a key feature of the package, with BM bond holders having the opportunity to be paid interest on a monthly or annual basis.

For more information on the BM one-year fixed-rate bond, customers should call the group on its investment hotline.

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