Birmingham Midshires has boosted the interest rate available on its fixed-rate bonds.
The company states that the savings option was already "market-leading", while the interest rate has now been increased to 5.52 per cent.
Customers also have the option of receiving their interest monthly, although the rate dips to 5.39 per cent if they take this option.
The savings account is available with a minimum investment of £1, which may suit savers looking to invest a smaller amount of money.
Richard Brown, head of savings products at Birmingham Midshires, said: "We’re consistently reacting to the needs of customers in achieving good fixed rates of interest over a year long period.
"Customers should move quickly to grab this market-leading rate."
Birmingham Midshires, part of the Halifax Bank of Scotland Group, provides a wide range of financial services for its customers.
The products available include postal, telephone and internet savings accounts, while mortgages are also available.
An amalgamation of more than 50 building societies, including the Liverpool and Birmingham & Bridgewater societies, the company traces its roots back to 1849.
Birmingham Midshires boosts savings rate
Birmingham Midshires boosts savings rate
Mon, 11 Sep 2006
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