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Savings accounts interest rates

In this section you'll find the current and historic interest rates for all BM Savings variable rate accounts. If we're planning to change any of our rates in the near future, we've also included the new rates.

Available accounts

Up-to-date rates and rate changes for accounts you can save with today.

Available accounts >

Closed accounts

Current, future and historical rates for our variable rate accounts that are now closed to new customers. This includes accounts offered to customers with maturing bonds.

Closed accounts >

Bank of England Bank Rate

For information on current and historical bank rates, visit the Bank of England website.

Bank of England rate

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%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.


© Birmingham Midshires
This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Conduct Authority. It is entered in the FCA's Register and its Register Number is 169628. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
To contact the FCA Consumer helpline, please ring 0300 500 5000 or visit www.moneyadviceservice.org.uk/.