BM Savings
5 Year Fixed Rate Bond
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General

Gross Interest Rate2.60% - £50,000 - £10,000,000
2.50% - £25,000 - £49,999
2.40% - £10,000 - £24,999
2.30% - £1 - £9,999
AERAs above

Opening

Method of opening accountInternet, Telephone
Minimum age of account holder16
Minimum deposit£50,000 for 2.60% but account can be opened with £1
Maximum deposit£10,000,000
Contact details for opening0845 602 2828
Go to Birmingham Midshires Website
Savings and Investments Team, Birmingham Midshires Corporate Centre, PO Box 81, Pendeford Business Park, Wobaston Road, Wolverhampton WV9 5HZ

Ongoing

Frequency interest paidAnnually, a monthly option is also available at a slightly reduced rate
Interest fixed until5 years
Details of any bonus ratesN/A
Minimum ongoing balance£1
Compound interest or paid into separate accountBoth

Closing/Accessing funds

Withdrawals allowedWithdrawals and closure permitted subject to a charge
How withdrawals are madeInternet
Early access penaltiesYes - see above
Notice requiredN/A