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Savings accounts options

Our savings accounts at a glance


ISAs (tax free savings)

The maximum amount you can invest in the current tax year is £20,000. You can choose to invest your full allowance into a cash ISA, a stocks and shares ISA or an innovative finance ISA or any combination of the three.

Alternatively you can split your allowance by investing up to £4,000 in a lifetime ISA and the remaining allowance between any combination of the other three types of ISA, as long as you don't exceed £20,000 in total across your ISAs.

We don't offer new ISA accounts.

We made some changes to our cash ISA conditions, which came into effect on 6th April 2018. These give more flexibility in the event of the death of an ISA account holder.

If you would like more information, please contact us on 0345 602 2828.


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. We don't offer new easy access accounts right now.


Fixed rate bonds

With our fixed rate bonds you know what interest you'll receive.

We don't offer fixed rate ISAs and fixed rate bonds right now.

FSCS – protecting your money. Find out more here.

Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

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 0800 111 6768. Alternatively call the Money Advice Service on 0300 500 5000 or visit www.moneyadviceservice.org.uk.