Society launches competitive 18-month 1.70% bond and three-year 2.00% ISA

Yorkshire Building Society has expanded its savings products range by launching a competitive 2.00% three-year fixed rate ISA.

The new ISA, which will also be available through Chelsea Building Society, Barnsley Building Society and Norwich & Peterborough Building Society, launches as the 2014/15 tax year comes to an end.

The 2.00% tax-free account can be opened by anyone aged 16 years or older, with a balance of just £100, with transfers-in allowed and interest payable either monthly (at 1.98%) or annually (at 2.00%). The maximum deposit for this account is £15,000 of new savings for this tax year, plus unlimited transfers-in from other ISAs.

The new ISA will sit alongside two newly launched competitive fixed-rate bonds – a 1.70% 18-month, fixed rate bond and a 2.00% three-year fixed-rate bond.

Both bonds, which are also available through the Yorkshire, the Chelsea, the Barnsley and N&P, have a minimum opening balance of £1,000, with account holders able to deposit up to £2m.

The ISA and the bonds are available online through the Chelsea and the Barnsley, and in branches, agencies and via post through the Yorkshire, the Chelsea, the Barnsley and N&P.

Yorkshire Building Society Savings Product Manager, Richard Conway, said: “We try very hard to offer our members competitive rates on their savings, combined with a varying range of accounts to suit different saving needs. These new ISAs and bonds are ideal for savers who don’t want the temptation of being able to access their money and want a guaranteed, competitive interest rate which isn’t going to change for the duration of the account. These new offerings will complement the range of savings accounts and bonds we are offering.”

For more information or to open an ISA or bond, visit ybs.co.uk, thechelsea.co.uk, barnsley-bs.co.uk or nandp.co.uk.