Yorkshire advises savers to choose index-linked products
Friday, 09 September 2011 02:08
Yorkshire Building Society has urged savers to take advantage of its inflation-friendly products.
The call follows the government's decision to scrap National Savings & Investments' index-linked certificates.
According to the building society, its Protected Capital Account offers a real alternative for those feeling frustrated with the current market.
The Bank of England base rate is at a historic low of 0.5 per cent, but inflation is currently hovering around five per cent, making savings lose value.
Commenting on the product, Simon Broadley from Yorkshire Building Society said: "With underlying market conditions continuing to change we are finding that more and more investors are taking advantage of it.
"These products allow customers the opportunity to ensure that their savings work more efficiently for them, essentially making sure that the buying power or the true value of their savings is protected," he continued.
Its current offer - available until September 16th - can be opened in branches and on its website, with the option of investing between £3,000 and £85,000.
Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account
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