Yorkshire Building Society has boosted the interest rate on its one-year fixed-rate Anniversary individual savings account.
The company has increased the rate by 0.25 per cent, now taking the total interest to 5.25 per cent AER.
Furthermore, Yorkshire states that this places the individual savings account at 0.29 per cent higher than that of its nearest rival.
This will earn UK savers with the maximum limit of £24,000 an extra £70 over the course of a year, the company asserts.
Chris Edwards, head of mortgages and savings at Yorkshire, said: "Unlike many competing individual savings account rates, which include short-term bonuses, Anniversary individual savings account will pay 5.25 per cent for the whole year."
Mr Edwards adds that savers can transfer into the Anniversary individual savings account without their savings losing their tax-free status.
Yorkshire is one of the UK's largest building societies , with over 1.8 million members, with total assets of £16.3 billion.
The company provides members with a range of services, including credit cards , mortgages , personal loans , home insurance, car insurance and travel insurance .
Yorkshire boosts individual savings accounts rates
Financial Services > Savings > Savings and Investments News
Yorkshire boosts individual savings accounts rates
Tue, 01 Aug 2006
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