Yorkshire Building Society launches new bond range

Friday, 07 October 2011 01:50

Yorkshire Building Society has launched a new range of competitive bonds which includes 18-month and three-year options.

Available through branches or on the telephone, the 18-month product provides a rate of return of 3.5 per cent.

Meanwhile, the three-year deal, which customers can apply for using the financial institution's website, offers interest of 3.65 per cent.

Commenting on the new products, both of which can be opened with just £1,000, Yorkshire's Group Savings Manager Sarah Lawrence said: "We know that many savers are feeling frustrated with the current market as interest rates remain low, but we need to ensure that individuals are encouraged to invest and we hope that these new competitive products will allow them to do so."

With interest rates locked at an all-time low, she added, these bonds give savers a great range of choices around long-term saving.

Use the Myfinances.co.uk comparison tables to find the best deal on savings bonds
 

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