Birmingham Midshires Inflation Rate Bond

Full product details for the Birmingham Midshires Inflation Rate Bond savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Birmingham Midshires Inflation Rate Bond Features & Benefits

Account TypeFixed Bond 
Account Term5 years
Rate TyperpiThe type of interest rate is Retail Prices Index Annual Inflation Rate.
Headline Interest Rate1.5%The headline interest rate is 1.50% AER.
Headline Interest Balance£500£500.00
Online AccessnoTransactions cannot be made via the internet.
Branch AccessnoTransactions cannot be made at a branch.
Phone AccessyesTransactions can be made by telephone.
Introductory Bonus0%No introductory bonus payable.
Interest Rate Guaranteeslinked to rpiThe interest rate on this account is linked to the Retail Prices Index Annual Inflation Rate (RPI). The interest rate is calculated using the RPI plus a fixed interest rate of 1.50%. The RPI inflation rate will be taken from the January prior to the annual interest payment in March that year.
Withdrawal NoticetermNot applicable.
Minimum Initial Investment£500The minimum investment to open this account is £500.
Closure Before MaturitynoClosure is not permitted.
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