Yorkshire Building Society launches new savings bond
Friday, 30 December 2011 12:23
Yorkshire Building Society has announced that a new savings bond is to be launched today (December 30th 2011) as an addition to its existing fixed term portfolio.
The one-year, fixed-rate product will pay interest of 3.5 per cent gross/AER and will mature on January 31st 2013.
Available in any branch, over the phone and online, customers will be able to invest anything from £1,000 to £2 million in the bond, which Yorkshire Building Society spokesperson Mike Helliwell should prove useful at a time when people do not want to tie up their money for too long.
"We are introducing it across all channels so savers can open and operate their account in the way that suits them best," he added.
Last month, the building society announced the return of its Christmas Saver product which will allow customers to save for the festive season in 2012.
With 224 branches and assets of around £33 billion, the Yorkshire is the second largest building society in the UK.
Comments
Newsletter sign up