A new one-year savings bond is available from Yorkshire Building Society.
The savings bond is available at a variable savings rate of 5.00 per cent gross/AER and guarantees to always pay savers 0.25 per cent above the Bank of England base rate.
Those wanting to save money in the savings bond in order to receive an income could opt for receiving monthly interest on their investment.
The savings bond is available to all savers with a minimum investment of £100. Additional investments could be made into the savings account.
Yorkshire's Tanya Jackson said the variable savings rate bond is a great way for all levels of savers to get a fantastic savings rate of interest, as high interest savings accounts like this are often limited to those with a lot of money to invest.
"When we launched our first variable rate bond in February we had a tremendous response from members and I'm sure this new bond will prove as popular throughout the second half of 2005," Ms Jackson added.
The savings bond can be opened at any of Yorkshire's 131 branches or 75 agencies or by post.
Yorkshire Building Society is one of the UK's largest building societies with branches across the UK.
New savings bond offers great savings rate for all savers
New savings bond offers great savings rate for all savers
Mon, 27 Jun 2005
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