Barnsley 5 year fixed rate online bond paying 5.10%

Barnsley Building Society has this week launched a new five year fixed rate online savings bond paying a market leading rate of 5.10% gross per annum (4.08% net), with a monthly interest option available for those who rely on their savings for income.

Sarah Lawrence, Senior Savings Product Manager at Barnsley Building Society, says: "We offer a wide range of savings vehicles at the Barnsley including instant access accounts and products for those savers who are looking for higher returns who can lock their money away for longer. We think this product will be really popular, particularly with those people who rely on their savings for income".

The new account is only available online, and has a completely paperless application process, where actual signatures and identification documents are not required in most cases. Savers are also able to deposit funds electronically using their debit card, which will earn interest days quicker than they would with a traditional cheque deposited by post.

For more details about the account visit the Barnsley Building Society website at barnsley-bs.co.uk