Closed Account Interest Rates

 

Birmingham Midshires offer a complete range of savings accounts, many of which have interest rates which are variable. With a variable rate account daily interest rate payable to an account can change from time to time. The interest rate is listed here for each variable rate account we have available to open - Please click on the name of the account you wish to view. We have listed all interest rate changes by date.

These accounts are no longer available for customers to open.

The list above shows previous rates, not the rate currently applied to these accounts.

Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

NET rates are illustrative only, allowing for the deduction of income tax at 20%.

Current and previous Bank of England interest rates can be found at www.bankofengland.co.uk/monetarypolicy/decisions.htm

Internet Savings Account