High rate savings bonds from Yorkshire Building Society
16 July 2009 By MoneyhighStreet Staff Leave a Comment
Yorkshire Building Society is launching a range of market leading high rate savings bonds tomorrow, 17 July.
The new savings bonds, available to new and existing customers, require a minimum deposit of £100 and can have a maximum balance of £500,000.
The savings bond range offer market leading rates:
- 3 year fixed rate bond – 5% gross/AER
- 4 year fixed rate bond – 5.15% gross/AER
- 5 year fixed rate bond – 5.4% gross/AER
Yorkshire Buildings Society Head of Mortgages and Savings, Chris Edwards, commented ‘According to the Bank of England website, the average fixed rate available onsavings accounts over the last 5 years has been 4.75%, so a guaranteed rate of 5% for the next 3 years will be an excellent choice for many savers, particularly those who rely on their savings interest to boost their income.’
Interest can be paid monthly or annually on the new savings bonds.
No withdrawals are permitted during the term of the bond.
