Yorkshire Fixed Rate Cash ISA paying 3.25 per cent

Yorkshire Building Society has this week launched a new Fixed Rate Cash ISA paying 3.25% p.a/AER.  The new tax-free savings account also offers a monthly interest option for those who rely on their savings for income.  The ISA is available to new and existing customers and can be opened at any of the Society's 135 branches, 78 agencies or by post. 

The minimum opening balance into the account is £100 and any existing ISA balances can also be transferred in.

Iain Cornish, Chief Executive of Yorkshire Building Society said: "Anyone with any savings should make sure they use their tax free allowance as it's important that savers make their money work hard for them, particularly in this low rate environment. For example, a saver who has fully invested their Cash ISA allowance since 1999 could have a nest egg of over £34,000, so with the new financial year upon us, now is a great time to look at Fixed Rate Cash ISAs to help invest for the future."

Iain continues: "A higher rate tax payer investing £34,200 in our new Cash ISA would receive just over £3,400 in interest over the term of the product, which is more than £1,400 more than they would have received had they not used their tax-free savings allowance."

For more information on Yorkshire Building Society, visit ybs.co.uk.