Located in Birmingham, Bira Bank is the only trade association bank in the UK. For over 120 years it has specialised in supporting independent retail businesses with the aim of influencing the media, changing Government legislation and providing support on areas of strain like business rates, parking and staffing.
Bira Bank ISA
Bira Bank’s ISA allows you to invest up to £20,000 per year in a tax-efficient way. The ISA allowance for the 2020/2021 tax year is £20,000. Initially you will need a £100 deposit to open an Easy Access account or a £2,500 deposit to open a Fixed-Term account. Transfers-in are accepted and you will get one month’s notice for withdrawals on Easy Access ISAs (subject to the bank’s discretion). The company has several Easy Access and Fixed-Term ISAs including:
1 year Fixed Rate Cash ISA
2 year Fixed Rate Cash ISA
3 year Fixed Rate Cash ISA
Standard Flexible Cash ISA
Fixed Term Cash ISA
As well as ISAs, Bira Bank also offers loans and savings products, mortgages, foreign exchange and various financial products that are suited to independent retailers such as residential or commercial property funding.
Bira Bank Reviews and Ratings
At the time of writing there are only two Facebook reviews for Bira Bank; one happy customer has commented that Bira is ‘worth is weight in gold’.
Facebook – 5/5 (based on 2 reviews)
- An useful online Knowledge Hub of supporting information
- Various member benefits
- No fees or penalties
- Personal, reliable service; no call centres
- Fast easy online setup
- Cash ISAs only
- Stocks and Shares, Lifetime or other ISA products not offered
- Virtually no online reviews or customer feedback
- Difficult-to-digest product information on website
- A lack of online support tools or downloadable content
Website: Bira Bank