from 26 ratings
26 customers rated their Birmingham Midshires savings as 4.1 out of 5 in our Consumer Finance Awards and Reviews.
Customer Service
Flexibility & Fairness
Product Features
Value For Money
Birmingham Midshires was established in 1986 as part of a merge between Midshires and Birmingham & Bridgewater Building Societies. Since 2009 they have been part of the Lloyds Banking Group, and have rebranded their savings arm to BM Savings, which is their specialist savings section. All of Birmingham Midshires savings products are now solely available via BM Savings.
Birmingham Midshires no longer provide any saving accounts...

You can search for other saving accounts using the tabs above or alternatively we have some alternatives for your below.

Investec Bank 3 Year Fixed Term Deposit
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£25,000.002.5% fixed
for 3 years
on £25,000+
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Investec Bank 2 Year Fixed Term Deposit
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£25,000.002.1% fixed
for 2 years
on £25,000+
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Aldermore 1 Year Fixed Rate Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Cash ISA£1,000.001.5% fixed
for 1 year
on £1,000+
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Halifax ISA Saver Online
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Cash ISA£1.001.25% variable
on £1+
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1.25% tax free/AER variable including 12 month fixed bonus of 1.00%.
State Bank of India Online Instant Access Savings Account Issue 4
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Instant Access£500.001.25% variable
on £500+
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Birmingham Midshires Savings Reviews

Reliable provider with competitiveness rates

by celebrity888, 2 weeks ago
Competitive rates, easy to transact.
0845 phone numbers and difficult to get through on the phone.
Recommended by celebrity888

I started with a telephone account with them which includes an annual bonus. Each time the bonus ran out I rang them and they change it to the newest issue without fuss. The changeover is always seamless. They also offer very competitve rates and I now also have a fixed rate bond with them. They are part of the Halifax so I have to be careful how much I bank with them as anything over £85,000 won't be covered under the compensation scheme. Their operators on the phone are alway very helpful and courteous.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


A good old building society with great rates

by mwb323, 2 weeks ago
Recommended by mwb323

I have been with them for years. They offer a good service and every now and then they offer very good rates for different accounts. I had an ISA with them which was a market leader and now I have a savings account which is great but end in November. I will then look around again, but I find I keep coming back to them! When you call you get to speak to someone who understands the accounts available and can relate to the concerns of the customers.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Birmingham Midshires 5.15% Bond

by smithd, 2 Mar 2012
Good interest 5.15% for up to 5 years
If withdraw, is (only) a 90 day interest penalty
Recommended by smithd

I invested in this Birmingham Midshires Bond in 2009, with a fixed rate of 5.15% for 5 years. However, my money is NOT tied-up and inaccessible - rather I can make a withdrawal at any time with only a 90-day interest penalty on the amount withdrawn. Thus even if I withdraw it all now, I would still get well over 2 years at 5.15% (less the 90 days interest). A pretty fair deal in the present financial climate !
Withdrawals are only allowed by post.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Excellent
Value For Money:
Good, I'm happy


Birmingham Midshires Fixed rate ISA

by tattygrass, 27 Jun 2013
Recommended by tattygrass

Fixed at just over 4% last year for 2 years so was pleased to get his rate. Moved my money from the Nationwide who had cut their savings rates.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Birmingham Midshires

by Fenton!, 10 Feb 2012
good service and interest rates
Recommended by Fenton!

Birmingham Midshires offer fixed rate bonds at very competitive interest rates. Its easy to open on the internet and they are very helpful if you need to ring them.

Customer Service:
Excellent
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Excellent


Birmingham Midshires - maturing bonds

by educat, 18 Jun 2012

In 2009 I invested in BM's 3 year trigger guaranteed equity bond which was due to mature last month. I received a letter from BM enclosing a maturity instruction form and a pre-paid reply envelope. There were several options listed on the form to re-invest the funds in BM's own 2, 4 and 5 year fixed rate bonds or into an existing BM savings account. I required the money for a large purchase so I completed the account closure instructions, asking for my funds to be sent to my linked account (another bank),all details listed, signed and dated the form and sent it in their reply paid envelope.

A week later when I checked my bank account, the funds had not been transferred, so I 'phoned BM who said they had not received any maturity instruction from me. I am very dubious about this as this would make it easy for them to dump my funds in a default BM account that pays a pitiful rate of interest. A cautionary tale for investors, to keep on top of their maturing funds and not be suckered by a building society in this manner.

Customer Service:
Poor, could be greatly improved
Flexibility & Fairness:
Poor, could be greatly improved
Product Features:
Poor, could be greatly improved
Value For Money:
Poor, could be greatly improved


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