New short-term fixed rate bond from the Yorkshire

A new savings bond from Yorkshire Building Society offers a competitive rate and a choice of monthly or annual interest payments.

The new fixed rate bond, which matures on 31 January 2014, offers a return of 3.50% gross/AER for interest paid annually.

Savers wanting a monthly income can benefit from a rate of 3.45%/gross/AER.

"We're responding to strong customer demand with this latest fixed rate bond," said Yorkshire Building Society product manager Mike Helliwell.

"We know savers are seeking out the best returns for their money while the Base Rate remains at its historic low but that many are unwilling to lock away their cash for too long in a time of economic uncertainty.

"Our 18 month bonds are a popular choice for this reason and complement the other investment products in the Yorkshire savings portfolio."

The minimum deposit in the bond is £1,000 and up to £2 million can be invested.

The bond is available now from Yorkshire Building Society branches and agencies, and also by telephone.

For more information, visit ybs.co.uk.