Birmingham Midshires launches new fixed rate bond

Birmingham Midshires has announced the launch of a new 11 month Fixed Rate Bond. Consistently high in the best buy tables, Birmingham Midshires has continually pushed rates of return up for savers, forcing competitor products to follow suit.

Savers will be able to secure an attractive fixed rate of interest at 6.95% AER for a period of 11 months. The Bond allows savers flexible options of either monthly interest payments or payment on the maturity of their bond.

Richard Brown, head of savings products at Birmingham Midshires said: “Savers are seeing some of the best rates the market has offered for a very long time. This time two years ago, we were providing market-leading rates of 5% and are delighted to be among the first providers to be pushing the 7% barrier.

To open a bond, visit askbm.co.uk.