Birmingham Midshires, a leading provider of fixed rate bonds, has announced the launch of a new 1 Year Fixed Rate Bond. From today, savers will be able to secure an attractive fixed rate of interest at 6.40% gross/AER for a full year.

Birmingham Midshires’ 1 Year Fixed Rate Bond is unique to the marketplace in offering an excellent rate of interest for a minimum balance of £1, and it is one of the best buys available (please visit Moneyfacts.co.uk for full best buy table).

The 1 Year Fixed Rate Bond further allows savers benefits in the form of flexible interest payment - customers will be given the option to be paid annual or monthly interest (monthly interest at 6.22% gross).

Richard Brown, head of savings products at Birmingham Midshires said: “We are proud of our reputation as a leading provider of fixed rate bonds and savers with Birmingham Midshires are consistently rewarded with great rates of interest. We urge all savers to review their savings portfolio regularly to ensure they are benefiting from competitive rates of interest.”