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Internet, telephone or post

How will you manage your account?

At BM Savings we want to offer you choice in how you manage your savings accounts with us. So we have accounts that you can apply for and access in different ways.

Online accounts

Online accounts are simple to manage. You can manage your account anytime, wherever you are - all you need is a computer with internet access.

When you save online you can be confident that we'll look after your security. We work hard to keep your money and your financial information safe - using password controlled access and secure servers.

Online accounts at a glance

  • Easy to manage from any computer with internet access
  • Secure password protected login
  • Available to anyone aged 18 or over
  • You'll need a UK personal bank account with a cheque book, that accepts direct debits
  • Joint online accounts are not available

Online Security >

Telephone accounts

If you prefer to speak to us directly, a telephone based account could be just right for you. Our automated telephone service is open round the clock, seven days a week, so you can manage your account when it suits you best. If you prefer to speak to us, we're available from 8am-8pm Monday to Saturday.

Telephone accounts at a glance

  • 24/7 opening
  • Secure password access
  • Available to anyone age 16 or over
  • You'll need a UK personal bank account with cheque book, that accepts direct debits
  • Joint accounts available

Postal accounts

If you prefer fixed term savings, and you're unlikely to carry out any transactions on your account, a postal account could be just what you're looking for.

Many of our ISAs, fixed rate bonds and guaranteed equity bonds are managed by post.

Find your perfect account >

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 means free from personal liability to 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 +442920781145.


© 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 Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
To contact the FSA Consumer helpline, please ring 0300 500 5000 or visit www.moneymadeclear.org.uk/.