Yorkshire launches new two-year cash Isa savings account
Wednesday, 07 September 2011 11:49
Yorkshire Building Society has added a new fixed-rate cash Isa to its tax-free savings portfolio.
From this Friday (September 9th), customers will be able to take advantage of the product, which pays interest of 3.35 per cent AER fixed for two years.
The new account will accept transfers from existing cash Isas, as well as new investment by savers who do not currently have one.
Customers must deposit a minimum investment of £100, with the maximum in the current financial year at £5,340.
An account can be opened over the telephone or in any Yorkshire branch or agency.
"Cash Isas give a tax-free return for savers who are able to put their money away for a reasonable period," said Yorkshire savings product manager Mike Helliwell. "The Bank of England base rate is not expected to rise for some time so savers are prepared to lock away their cash for a little longer if the rate is right."
Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account
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