Top Savings Accounts!
We’ve teamed up with BM Savings to provide you with some new savings accounts.
The Telephone Saver (Issue 1) from BM Savings offers an attractive rate of interest, currently, 2.75% gross/AER (variable) for the yearly option or 2.72% gross/2.75% AER for the monthly option and gives you easy access to your money by telephone 24/7.
BM Savings also offer the ISA Extra (Issue 3), which is a cash ISA that allows you to make the most of your tax free savings, giving you easy access to your money when you need it. It offers 2.75% tax free/AER variable for the yearly interest option or 2.72% tax free/2.75% AER variable for the monthly interest option. Rates include a fixed bonus of 1.05% for 15 months for the yearly option and 1.03% for the monthly option. After 15 months, the variable rate without bonus will apply.
The accounts operate as straightforward personal savings accounts with no notice required for withdrawals from your savings. Here are some of the additional features offered;
Telephone Saver (Issue 1)
· Save any sum from £1,000 to £1 million (£2 million for joint accounts)
· No hidden costs or charges
· Easy access to savings
· Joint account holders will each have their own set of passwords so they can each run the account.
· Interest is variable, calculated daily and is paid either yearly or monthly. Interest can be paid to the account, to another BM Savings account or paid to another UK bank or building society account that accepts Faster Payments.
ISA Extra (Issue 3)
· Save any sum from £1 to £5,640 for this tax year.
· Easy access to your money with no notice withdrawals. If you've already saved your full cash ISA allowance for the tax year and then make a withdrawal, any money withdrawn, cannot be replaced in the same tax year.
- Account is managed by post.
· You can transfer in some or all of your savings from previous year’s cash ISA subscriptions.
· Tax treatment depends on your individual circumstances and may change.
For more information please click on the links below and if you wish to apply, please contact us on 02380 367242.
BM Telephone Saver Brochure.pdf
BM ISA Extra brochure.pdf