Barnsley Building Society offers 5% AER fixed rate savings bond

Barnsley Building Society is offering two new fixed rate savings bonds – a two year bond at 4% and a four year bond with 5% AER.

The bonds are available to both new and existing customers and offer a monthly interest option for those who use interest on their savings for income.

The new bonds are only available online and savers can deposit money into them using their bank debit cards rather than wait for a cheque to clear.

These fixed rate bonds sit alongside a number of different savings products offered by Barnsley including instant access accounts and a range of accounts that offer higher rates of interest but require longer notice periods.

Commenting on the fixed rate bonds, Sarah Lawrence, Senior Savings Product Manager at Barnsley Building Society, says “These new fixed rate online bonds are only available for a limited period and I would therefore urge savers to act quickly as we expect great demand for these rates.”