Yorkshire Bank launches new rate term deposit account

To help savers make the most of their savings, Yorkshire Bank has launched a new term deposit account with a guaranteed interest rate of up to 6.25% AER.

With a minimum deposit of just £2,000, savers can benefit from a tiered rate of interest depending on the length of the term, starting at just 12 months.

Savers can apply for Yorkshire Bank's Term Deposit Account online at ybonline.co.uk.

Gary Lumby, Yorkshire Bank's head of retail, said: "Fixed rate Term Deposits are great for people looking to maximize the growth of their savings. Savers put an initial lump sum into the account and as it can't be added to during the course of the term, we're able to offer great rates so customers will really see substantial growth in their account."