Thread: Highest Interest rate for 5 year fixed term savings account, Birmingham Midshires.

This week we see BM take the number 1 spot for the best interest rate for a fixed term 5 year savings bond, with an interest rate of 5.05% more information:

5 year internet fixed rate bond (yearly interest) | BM Savings

5 year internet fixed rate bond (yearly interest)

This bond gives you a fixed rate of interest over an agreed term. Our current issue offers a fixed rate of 5.05% gross p.a. /AER for 5 years.



Benefits and features

• Fixed interest rate – so you always know how much your savings will earn
• Save from just £1 – up to £10 million
• Straightforward account information - with full and mini-statements
• Safe online banking - with secure password protection

Account name
5 year internet fixed rate bond (yearly interest)

Interest rates
5.05% AER (fixed)

Tax status
Interest will be paid net after the deduction of income tax (currently 20%) unless you register your account with us to receive your interest gross.


Conditions for bonus payment
There is no bonus available on this account.


Withdrawal arrangements

Withdrawals are only allowed subject to the following early access charges on the amount withdrawn. Loss of interest is dependant on the length of term remaining at the time of access.

• 1 year or less: 90 days loss of interest
• Up to 2 years: 180 days loss of interest
• Up to 3 years: 270 days loss of interest
• Up to 4 years: 320 days loss of interest
• Up to 5 years: 365 days loss of interest

Access
Internet