Birmingham Midshires 5.21% fixed bond

Swipe

Just spotted this on Birmingham Midshires website:

http://www.askbm.co.uk/savings/t/fixed/1year/intro.asp

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1 Year Fixed Rate Bond - Annual Interest Rate

5.21% gross/AER

This is a limited issue bond which gives you a fixed rate of interest over an agreed term. Our current issue offers an impressive fixed rate of 5.21% gross/AER for one year.
Benefits:

* You know exactly the rate of interest your investment will earn - 5.21% gross/AER for the annual option and 5.09% gross, 5.21% AER for the monthly option.
* You're completely protected against fluctuations in interest rates for the full term of your investment.

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Personally, I wouldn't go for it right now but it's a sure sign we savers are in for some much better deals later in the year.