BM Savings
4 Year Fixed Rate Bond
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General

Gross Interest Rate4.00%
AER4.00%

Opening

Method of opening accountInternet, Post
Minimum age of account holder16
Minimum deposit£1
Maximum deposit£10,000,000
Contact details for opening0845 602 2828
Go to BM Savings Website
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 until4 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Withdrawals allowedWithdrawals and closure of this account is permitted subject to 320 days loss of interest on amount withdrawn in year 1, 270 days in year 2, 180 days in year 3 and 90 days in year 4
How withdrawals are madeInternet, Post
Early access penaltiesAs above
Notice requiredNo