Birmingham Midshires INTERNET 1 YEAR FIXED RATE BOND 7.11% MOB £1

skoolmaster

Birmingham Midshires 7.11% MOB £1

INTERNET 1 YEAR FIXED RATE BOND launched w.e.f. 20.6.08: a one year fixed term internet operated account with a minimum investment of £1 paying 7.11% on maturity (6.89% monthly). No earlier access permitted. Further additions allowed whilst issue remains open.
23 Jun 2008

[Deleted User]

Sounds good :cool:

something_girl

I can't see that on the BM website, could someone give me a link please? ta

DeepSporran

Here's a link.

Enjoy.

something_girl

cheers, just opened an account. spent so long messing around with their last 1 year bond, that my money kept being rejected from it, due to direct debit issues. Luckily, I will use the new one instead!

johng_uk

Might take a look at this one tbh - I was going to go for the 6.85% option not too long ago...Glad I waited now!

DeepSporran

There seems to be a problem at the moment with the site. You can get to the page I linked to above in post #4, but when you click on the Apply button, you get a 'Page not found' message. Probably a temporary problem.

UPDATE 11.15 : Seems to be OK now.

darude

If both annual and monthly option have 7.11% AER, will I get the same if I go for the monthly option and have my monthly interest paid in the same account?

exel1966

If you choose the monthly option you have to have that interest paid into that savings account to enable an AER of 7.11%. It's called compound interest.

The only advantage of taking the monthly option is that you can see it accrueing each month and if any errors have occurred in the interest you've been paid it's easier and quicker to resolve.

darude

Thanks, I have an existing e-saver Birmingham Midshires account, and I was just opening this new 7.11 fixed rate account. However, I still have to link my current account to this. Before I hit confirm, do you know if I can easily transfer from my existing account to this fixed rate account?

Dean101

darude wrote: »

Thanks, I have an existing e-saver Birmingham Midshires account, and I was just opening this new 7.11 fixed rate account. However, I still have to link my current account to this. Before I hit confirm, do you know if I can easily transfer from my existing account to this fixed rate account?

Doesn't seem so

Can I transfer between my accounts online?

No, this is not a current facility. Please call our Savings and Investments Team for more information.

http://www.askbm.co.uk/savings/questions/faq.asp#q13