We've extended the issue and increased the rate on our Inflation Rate Bond (issue 1)
08 March 2011
With effect from 1 March 2011, we increased the yearly fixed interest rate on our existing inflation rate bond (issue 1) from 0.25% gross / AER to 1.50% gross / AER.
Both new and existing inflation rate bond customers will receive this new interest rate on the anniversary of the start date of the account and we have also extended the offer period to 21 March 2011.
Customers who have already opened the account will be notified by post of this change.
John Bianco, Head of BM Savings said:
'The BM inflation rate bond has been extremely popular with savers since it was launched in January. Due to market changes we have increased the fixed rate of interest savers receive in addition to the annual inflation rate. We have also extended the offer period, so even more savers can take advantage and limit the impact of inflation on their savings pots.'
For more information on this account please see the account page or phone our savings team on 0845 603 2191.
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