Yorkshire launches savings eBonds

Yorkshire Building Society has launched a range of new eBonds offering online savers the choice of placing their money into either a two, three or four year fixed rate product.

Chris Edwards, Head of Savings and Mortgages at Yorkshire Building Society, says: "In this current low interest rate environment many customers are looking to maximise the returns they receive on their savings. This new range of eBonds will appeal to those people who are able to lock away their savings for a fixed period. Monthly interest is also offered for those individuals who rely on their savings for income giving them greater choice over how they manage their money."

The new bonds are only available online, and take advantage of the Yorkshire's completely paperless application process, where actual signatures and identification documents are not required in most cases. Savers are also able to deposit funds electronically from their debit card, which will earn interest days quicker than they would with a traditional cheque deposited by post.

At the end of the term, the bond will mature into Yorkshire's Internet Saver account, which provides instant access to the funds and currently pays a competitive 2.10% gross/AER.

For more information, visit ybs.co.uk