UK Money News
11th June 2008
New savings bond from the Yorkshire
Yorkshire Building Society is set to launch a new savings bond offering a market leading rate of seven per cent.
The two-year fixed rate bond is available to new and existing customers and offers a monthly interest option for savers who require a regular income.
Conditions include a minimum deposit of £100 and a maximum balance of £500,000.
Tanya Jackson, spokesperson for Yorkshire Building Society said: "There have been some significant movements in the money markets, which has enabled us to offer this fantastic interest rate to savers.
"Many fixed rate bonds are available for just one year, but this new bond ensures savers are guaranteed of a great rate, and therefore peace of mind, for a longer period."
The launch of the bond comes at a time when banks and buildings societies are offering increasingly attractive terms on their savings products.
This trend is being fuelled by banks seeking to secure customer deposits to restore their credit crunch-hit balance sheets.
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