The Yorkshire launches new best buy savings bond

Yorkshire Building Society has launched a new best buy fixed rate savings bond with a market leading return of 3.55% gross/AER.

The bond, which matures on 31 July 2013, is available in branch, online and by telephone, with a minimum opening balance of £1,000.

"The Bank of England announced today that the Base Rate would be kept at its historic low for another month so we know savers are seeking out the best returns for their deposits," said Yorkshire Building Society product manager Mike Helliwell.

"We're pleased to be able to offer a best buy interest rate for savers who are looking for a short-term and secure haven for their cash as the economic upheaval in the UK and abroad continues."

The 3.55% bond allows deposits of up to £2 million and customers can choose to receive their interest annually or monthly.

Visit ybs.co.uk to find out more.