No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the FSCS
Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. FSCS protected
Unlimited withdrawals subject to 95 days notice. No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the FSCS. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals only
Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must have a linked UK current account
All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Unlimited withdrawals subject to 14 days notice. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
3 penalty-free withdrawals in a 12 month period. 4.72% AER/4.62% gross (3.82% AER/3.75% gross + 0.90% AER/0.87% gross 12-month boost). Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. 3.62% AER/3.55% gross if 4 or more withdrawals are made within 12 months (on boosted rate). 2.72% AER/ 2.68% gross if 4 or more withdrawals are made within 12 months (without 12 month boost). Must be UK resident. Must be aged 18 or older
Part of the Lloyds Banking Group, Birmingham Midshires are specialist providers of financial products for savings and mortgages. They offer a number of savings accounts for customers to choose from. Finding the best match for your savings needs can be tough, so it’s important to make sure you have a thorough understand of the different options on offer.
You will often be given a card to use at cash machines, or otherwise you may have to go into a branch to take money out. You usually also have the option to make transfers online or over the phone. Some instant access savings accounts only allow you to make a limited number of withdrawals each year without paying a penalty.
If you have a lump sum that you have no immediate use for, locking it away for a set period in a fixed rate savings bond can net you a good return. In exchange for agreeing not to touch your money for a period of time (usually 1-5 years) you will get a guaranteed interest rate. These rates are usually attractive, and will tend to be higher the longer you agree to lock you money away for.
If you do need to withdraw your funds early, some fixed rate bond providers will allow you to do this, but you will have to pay a penalty. This generally takes the form of an amount equivalent to a certain number of months’ interest.
If you are a UK tax payer it is often worth putting at least part of your savings into a cash ISA. These let you earn interest tax free on a set amount each year. This amount is decided by the government and changes regularly. For the current tax year it is £20,000.
The two most common types of ISAs are instant access cash ISAs and fixed rate cash ISAs. Instant access ISAs allow you to put in and take out money as often as you need to, whereas fixed rate ISAs act like fixed rate bonds. This means you get a guaranteed rate of return, but cannot access your money for the lifetime of the ISA.
Fixed rate cash ISAs offer better interest rates than instant access cash ISAs in most cases, although the rate on an instant access ISA is variable, so it can go up as well as down.
Find the best Birmingham Midshires savings account for you
Everyone wants to get the best deal on their savings account, but with so many products and providers to select from, it can be hard to know where to start. Our savings account comparison tool (see the top of the page) allows you to look at some of the best deals from across the market to see which is right for you. We make sure to keep these deals up to date, so make sure to check back in regularly for all the latest deals.
