New bonds offer attractive savings opportunity

Friday, November 11, 2005

Birmingham Midshires (BM) has announced some good news for savers, with the introduction of two new fixed-rate bonds.

The four and five year bonds are available from today and offer a 5.10 per cent gross/AER.

The addition of the bonds - which require a minimum investment of just £1 - to the Birmingham Midshires portfolio, sees the company occupy the top three positions in a table of fixed-rate products.

"Birmingham Midshires continually strives to offer the best possible products for savers, we're delighted to have taken the top three best buy positions with our fixed rate bonds," said Richard Brown, head of savings products.

"We're looking forward to welcoming new customers to BM and seeing them benefit from our market leading savings products."

The introduction of the new savings bonds comes in a week where the Bank of England has left the interest rate unchanged at 4.5 per cent, meaning the 5.10 per cent rate is an attractive one.