More savings choice with the Yorkshire

Yorkshire Building Society is extending its range of savings bond with a new 18 month product at a best buy rate.

The new bond - which pays 3.50% gross/AER - will be added to the Yorkshire's range of fixed term savings products from 1st September.

"We are finding that savers are still very uncertain about what will happen to interest rates in the short and medium term," said Yorkshire's Savings Product Manager Mike Helliwell.

"Choosing an 18 month bond is a compromise between a one year bond and investing your money for a longer period, although an existing savings bond, which pays 3.80% gross/AER over a three year term, remains very popular with savers."

The minimum amount needed to open a bond is £1,000 and savers can invest up to a maximum of £2,000,000.