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This comparison simply includes all savings accounts.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.20%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. 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 Financial Services. Compensation Scheme (FSCS)

Aldermore
30 Day Notice Account Aldermore
Min deposit £1000
Term 30 Days Notice
Interest AER 1.30%

Why we like it: Interest paid monthly. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 30 days notice

Shawbrook Bank
45 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 45 Days Notice
Interest AER 1.30%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Shawbrook Bank
120 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 120 Days Notice
Interest AER 1.45%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Shawbrook Bank
Fixed Rate Cash ISA Shawbrook Bank
Min deposit £1000
Term 1 Year
Interest AER 1.35%

Why we like it: Interest can be paid monthly or annually. ISA transfers in allowed. £250,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Shawbrook Bank
Fixed Rate Bond Shawbrook Bank
Min deposit £1000
Term 1 Year
Interest AER 1.49%

Why we like it: Interest can be paid monthly or annually. £2,000,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 1.65%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 1.75%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 1.90%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 1.80%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

easyMoney
Premium Innovative Finance ISA (IFISA) easyMoney
Min deposit £10000
Term No Fixed Term
Annual Interest Target rate 5.12%

Why we like it: Higher rates available if investing over £20,000 (6.06%) or over £100,000 (7.01%). Invest up to £20,000 this tax year and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings at over 1,000 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

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Compare Birmingham Midshires savings accounts

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.

Instant Access Savings Accounts

The most basic and easy to use kind of savings account, an instant access savings account (sometimes known as an easy access savings account) allows you to put money in and take money out whenever you like.

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.

Fixed Rate Bonds

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.

Cash ISAs

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 2017/18 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.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

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