Birmingham Midshires has boosted the
interest rate in its
savings accounts.
The company has raised the rate on its
savings accounts to five per cent, following the last Bank of
England base rate rise.
Furthermore,
Birmingham Midshires also claims that the move confirms a
pledge made when the account opened, to beat ING's
savings rates by 0.25 per cent.
Birmingham Midshires' BM Direct Saver Account was launched in
July and guarantees to beat any competitor.
Richard Brown, head of savings products at Birmingham Midshires,
said: We are thrilled that so many savers are taking
advantage of this great account which ensures that our customers
are always getting a great deal, without having to shop
around.
Birmingham Midshires has consistently been in the best buy
tables and has established itself as one of the UK’s leading
direct
savings providers .
The company's
savings account has a minimum
investment of £1, up to a maximum of £1 million, while
customers can open up to ten accounts.
Nationwide Building Society also recently raised the interest
rate on its savings accounts by 0.25 per cent.
