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Yorkshire tops best buy table with fixed rate savings bond

3rd September 2012 Print

Yorkshire Building Society's 18 month fixed rate bond is proving popular with savers wanting a haven for their cash with a best buy interest rate.

The new bond - with a best buy return of 3.25% gross/AER - matures on 31 March 2014 and is available from all Yorkshire branches and agencies, online, by telephone and by post.

"We are one of a small number of providers to offer savers fixed rate bonds for this length of term, and the only one to offer the bond across all channels," said Yorkshire Building Society product manager Mike Helliwell.

"Our business, as a building society, is run for the benefit of our members so we think it's important not only to offer long-term good value but also to enable them to open and operate their account in the way that suits them best.

"Since we first introduced these bonds last year we've seen consistently strong demand for an 18 month savings product from savers, who are seeking out a safe home for their nest egg but also want a decent return."

The bond can be opened with a minimum of £1,000 and permits a maximum balance of £2 million. Savers can choose between annual and monthly interest payments.

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