Yorkshire Building Society has launched a new two-year fixed-rate savings bond.
With an interest rate of 5.3 per cent AER, the savings option is available with a minimum balance of £1, which the company states will make it a viable bond for all levels of savers.
The bond has a maximum investment of £500,000 and is set to mature on November 30th 2008.
David Heshon, product development manager at Yorkshire Building Society, comments that the company has many investors who would like the assurance that the rate of interest accrued on savings will not change throughout the life of the bond.
The new savings bond also features an option for consumers to receive interest monthly, who often look to this security, Mr Heshon asserts.
"We therefore expect the new two year bond to be very popular and as it is only available for a limited period, we will waive restrictions on some of our other savings accounts to allow existing Yorkshire members to transfer into the new Bond immediately," he remarks.
Yorkshire offers a variety of savings accounts to its members, including online and postal options.
Yorkshire creates new savings option
Yorkshire creates new savings option
Wed, 27 Sep 2006
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