Three year fixed rate savings bonds hit 5% from YBS

Yorkshire Building Society is launching a range of market leading fixed rate savings bonds, which will be available through its branch and agency network and by post, from Friday 17th July.

The new range consists of:

Three year fixed rate bond at 5.00% gross/AER
Four year fixed rate bond at 5.15% gross/AER
Five year fixed rate bond at 5.40%gross/AER

All three products offer a monthly interest option for those who rely on their savings for income.

The new bonds are available to new and existing customers and can be opened at any of the Society's 135 branches, 64 agencies or by post. As with all Yorkshire's bonds the minimum deposit is just £100, with a maximum balance of £500,000, ensuring all savers can have access to these fantastic rates.

Chris Edwards, Yorkshire's Head of Mortgages & Savings said: "These new products offer market leading rates which will appeal to savers looking for a great return on their investment. According to the Bank of England website, the average fixed rate available on savings accounts over the last five years has been 4.75%, so a guaranteed rate of 5.00% for the next three years will be an excellent choice for many savers, particularly those who rely on their savings interest to boost their income.

"These new products are only available for a limited period and I would therefore urge savers to act quickly as we expect great demand for these rates."