Easy access or fixed term savings
How long are you saving for?
If you're saving for a particular event, you'll have a good idea when you'll need
to get your money out. At other times you'll just be saving for a rainy day so you
may not want to lock your money away.
Whatever you're saving for, there's a Birmingham Midshires account that's right for you.
Easy access accounts
With these accounts, you can always get your hands on your money when you need it.
You can save for as long as you like. These accounts let you put more money in whenever
you like. Some let you make as many free withdrawals as you want while others place
a limit on the number of free withdrawals in any given time period.
Interest rates on easy access accounts normally are variable.
Easy access accounts >
Fixed term savings
Fixed term accounts let you decide how much you want to save and for how long. This type of account includes fixed rate bonds and fixed term cash ISAs. We usually have a range of terms available for you to choose from, depending on what best suits your needs.
Fixed rate bonds and Fixed Rate ISAs pay a fixed interest rate for the duration of the account. For fixed rate bonds your deposit should be for the full amount you wish to save as further deposits are not permitted. For fixed rate cash ISAs additional deposits are allowed as long as the issue of your account remains open, once the issue has closed no further deposits will be allowed. From 6th April ISA regulations will allow you to invest up to £15,240 and you will have the option to save in either a cash ISA, a stocks and shares ISA, an innovative finance ISA or a combination of all three as long as you don't pay in more than £15,240 in total during the tax year 2016/17.
Fixed term savings >