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Savings accounts options

A great choice for every type of saver.

At Birmingham Midshires we're savings specialists. We offer a wide range of different types of savings accounts, some great savings rates and great customer service.

Our savings accounts at a glance

ISAs (tax free savings)

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 or a Stocks and Shares ISA, or a combination of both as long as you don’t pay in more than £15,240 in total during the tax year 2015/16.

Birmingham Midshires currently do not offer ISAs.

Variable rate cash ISAs

All the benefits of an easy access account and tax free savings as well.

Fixed rate cash ISAs

Enjoy fixed rates of return on your tax free savings.

Easy access savings

For regular and irregular savings, easy access accounts are a simple way to earn interest on your spare funds. You can always get your hands on your money if you need it and you won't lose any interest.

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Interest rate


Interest type



Online Extra (issue 21) (yearly interest)Online Extra (issue 21) (yearly interest)

0.25% Gross p.a./ AER
0.20% Net
0.65% Gross p.a./ AER
0.52% Net
1.00% Gross p.a./ AER
0.80% Net




  • A fixed bonus will be paid for the first 12 months from the date of your first deposit as long as the balance remains £1,000 or over. For everyday in the first 12 months the balance is less than £1,000 the interest rate you will receive will be 0.25% gross/AER variable. The interest rates shown include a 12 month bonus of: 0.40% for balances from £1,000 to £24,999.99 and 0.75% for balances from £25,000+. After 12 months the the variable rate without bonus will apply, currently 0.25% gross / AER.

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Fixed rate bonds

You can get a fixed term account where you'll know what interest you'll receive in advance and they're best for savings you don't need access to in a hurry.

Birmingham Midshires currently do not offer Fixed term savings accounts.

FSCS – protecting your money. Find out more here.

Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

NET rates are illustrative only, allowing for the deduction of income tax at 20%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.

© Birmingham Midshires
This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.
To contact the FCA Consumer helpline, please ring 0300 500 5000 or visit