BLME savings account provides rates of up to 3.25%

Customers can open a PDA with a minimum deposit amount of £1,000 up to £1 million

Press Release

June 17, 2022

Bank of London and The Middle East (BLME) is now offering savings rates of over 3% for its retail customers. Customers opening a Premier Deposit Account (PDA) can now earn up to 3.25% Gross Annually on fixed term deposits (up from 2.9%), and those depositing into the Bank’s 90-day Notice Account can earn a rate of 1.65%.

BLME offers a PDA with fixed term deposits ranging from 3 months to 7 years, with customers able to select the term best suited to their savings goals. Customers can open a PDA with a minimum deposit amount of £1,000 up to £1 million. Early withdrawals are not permitted.

Eligible deposits with BLME are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme.

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