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This comparison simply includes all savings accounts.

Milestone Savings
Fixed Rate Bond Milestone Savings
Min deposit £10000
Term 5 Years
Expected Profit Rate 2.37%

Why we like it: Interest paid annually. Open an account singly or jointly. Minimum deposit £10,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.30%

Why we like it: 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 2.25%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.23%

Why we like it: 4 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 3 Years
Interest AER 2.16%

Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.05%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 2 Years
Interest AER 2.00%

Why we like it: 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 1.85%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 1.85%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.80%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.70%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 18 Months
Interest AER 1.70%

Why we like it: 18 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

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Is a Birmingham Midshires fixed rate bond right for you?

Current accounts usually offer the best rates of interest on smaller sums, but these rates only apply up to a certain balance. For example, at the moment TSB are offering 5% AER on their TSB current account for balances up to £2,000, while Santander pay 1.5% AER up to a limit of £20,000.

If you want to see a return on larger deposits, fixed rate bonds can provide an ideal way to do this. By transferring the portion of your savings not currently earning interest into a fixed rate bond, you can ensure that you are getting the most out of your money.

Fixed rates bonds, like those provided by Birmingham Midshires, offer a dependable return for the life of the bond. This helps prevent your savings from losing their value relative to inflation and means their real world value should increase over the life of the bond.

Commonly, fixed rate bonds have a term of 1 year, 2 years, 3 years or 5 years. The longer the bond runs for, the higher interest rate you will usually be offered. Although some accounts will allow you to take money out of your bond before it matures, you will likely incur a penalty for this in the form of lost interest payments.

One key advantage of fixed rate bonds is that they allow you to earn a return on the whole of your savings while still keeping your existing current account. This makes the process relatively hassle-free as it offers no disruption to your regular banking.

Why choose a Birmingham Midshires fixed rate bond?

Birmingham Midshires are part of the Lloyds Banking Group and specialise in savings and mortgages.

Starting a fixed rate bond with Birmingham Midshires offers the following advantages:

  • Accounts can be accessed online, by phone or by post
  • Interest can be paid monthly or at maturity on most bonds

Compare Birmingham Midshires fixed rate bonds

Birmingham Midshires provide very little specific information about their fixed rate bonds on their website, so you will need to contact them directly for details of their current offers. Alternatively, you may wish to look at alternate providers such as Aldermore, UBL or Vanquis.

Getting the best deal on fixed rate bonds

The market for fixed rate bonds changes all the times and providers are always updating their interest rates and other features of their bonds to reflect this. It can be hard, therefore, for consumers to stay on top of which deals are currently the best for them.

Our fixed rate bond comparison table at the top of this page is regularly updated with the latest and best fixed rate bond deals. This makes it the perfect place to keep track of exactly what is currently on offer.

When considering which fixed rate bond to go for, make sure to carefully reflect on your own personal needs and circumstances as this can help ensure you find the best deal for you.

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