Birmingham extends bond length, drops rate

Monday, 30 March 2009 12:00

Birmingham Midshires has lowered the AER on its fixed rate savings account and changed the product's term from 11 months to one year.

Both the annual and monthly interest rate options offer a fixed rate AER of 3.20per cent. Previously, an account could earn up to 3.73 per cent.

A minimum investment of £1 is required and the maximum is set at £10 million. No access to deposited funds is allowed for entire term.

Compare savings rates and savings accounts.

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