Yorkshire Building Society has a new Christmas Saver savings account with a fixed interest rate of 3.50% gross/AER.
The new savings account is aimed at helping people spread the cost of next year’s festive season.
The account can be opened with a minimum of £10 and savers can put away any amount up to £100 every month between now and 30th November 2011 when the account matures.
The money can then be accessed from the 1st December 2011 – just in time to buy the Christmas presents or get the food for the festivities.
Once the account hit maturity the funds transfer into an Access Saver account – as with all savings accounts it’s important to check the small print on interest rates so that you know exactly what interest rate you will be getting and what happens at the end of any fixed term.
A maximum of £1,200 can be invested over the account period and deposits can be made by standing order, cash or cheque.
Sarah Lawrence, Senior Product Manager for savings at the Society says: “There’s no better time than the present to start thinking about putting a little aside to ease the financial burden during next year’s festive season.
With Yorkshire’s Christmas Saver account our members can be assured their money will be working hard throughout the year as well as being safe and secure until it’s time to hit the shops!”
You can see the Yorkshire Building Society website to find your nearest branch.
The Christmas Saver account is also available at all Chelsea and Barnsley building society branches, featuring the same product details and also paying 3.50% gross/AER.