Money News
Savings provider, Birmingham Midshires, is to launch a new online savings account on June 1st - the BM Online Saver Account set to offer 6.05% gross/AER.
Money can be accessed instantly, but no interest will be paid on the balance during any calendar month in which a withdrawal is made.
All transaction instructions must be made online. Deposits/withdrawals, meanwhile, must be made through a linked bank account.
Interest is credited on a monthly basis, either to the Online Saver Account or to a linked bank account.
Minimum investment is £1, maximum investment £250,000.
30 May 2007 © Moneyextra.com
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