Barnsley launches four year savings bond

Barnsley Building Society has launched a new four year bond with a market leading rate of 4.25% gross AER (3.40% net).

With a minimum opening balance of £100 and the option of annual or monthly interest, the account can be opened:

Opening the bond online or by telephone takes just 10 minutes using the Society's completely paperless application process. Using this process, actual signatures and identification documents are not required in most cases and a debit card can be used to make the initial deposit. Savers will earn interest days quicker this way than they would with a traditional cheque deposited by post.

Sarah Lawrence, Senior Product Manager for Savings at Barnsley Building Society says: "This bond is ideal for customers looking for a regular income and don't require access for the full four year term. The ease and convenience of the online system will bring the security of investing in a building society bond to the iGeneration."

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