Made for you

Our Fixed Rate Bond is a practical solution that makes your money work.

FSCS Protected

FSCS Protected

Deposits fully protected up to £85,000 per eligible person

Simple Easy Process

10 minute application

Customer First

Our experts are just a phone call away

Established

Supplying banking services for over six decades.

Trustworthy

Trusted by thousands of customers

3 Year Fixed Rate Bond

Interest rate (AER*)

4.73% Fixed Gross

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

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Minimum opening balance

£5,000

Term

3 years

Maximum opening balance

£250,000

At a glance

  • Your interest is calculated daily on the funds in your account and applied upon the anniversary
  • Make unlimited deposits within the first 14 calendar days after opening, after which the funding window closes
  • Withdrawals are not permitted until the end of the fixed term
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Financial Services Compensation Scheme (FSCS protection)

Your savings are protected under the FSCS. It protects up to £85,000 (or £85,000 each, for joint account holders) of the money in your Birmingham Bank accounts. If you have more than one account with Birmingham Bank or share a joint account, the amount protected by the FSCS will be £85,000 across all of the accounts.

Find out more about Birmingham Bank’s FSCS Protection

For more information, visit the FSCS website

Savings FAQs

Do I need to be resident in the UK to open an account?

To open an account with us you must be a UK resident and only tax resident in the UK.

What age do I need to be to open a personal savings account?

To open an account with us you need to be at least 18 and hold a UK nominated account.

Can I have more than one account?

You are able to have multiple accounts as long as the total balance of all accounts (excluding interest) doesn’t exceed £250,000.

How is my money protected?

Your money is protected by the FSCS up to £85,000. Please note that the FSCS protection is per bank not per account held, for further information about the scheme you can visit the FSCS website at https://www.fscs.org.uk/.

I’ve opened my account; how can I pay in?

Once your account is opened, we will send you an email confirming your savings account details, our bank details and information on how to deposit into your account.

Can I open a joint account?

We’re currently enhancing the Bank’s proposition, at this stage we’re only offering sole accounts but plan to offer joint accounts in the future.

I’m a business customer, can I open a new account?

We’re currently enhancing the Bank’s proposition, at this stage we’re only offering new personal savings products but plan to offer new products to business customers during 2024.