Barnsley beats the competition with fixed rate bond

Barnsley Building Society has launched a new, highly competitive 3.05% gross/AER one-year fixed rate savings bond.

The launch of the new bond, the best rate currently on offer from any UK-based provider, comes just in time for savers who are looking for a better return on their savings.

The bond is available to all new and existing customers and will be available to open online - making the opening of the account as simple as possible with the Society's award winning paperless system.  Applicants can also choose to open their account by telephone and operate by post.

Sarah Lawrence, Senior Savings Product Manager at Barnsley Building Society says: "As economists predict that base rates will remain low well into next year our new one-year fixed rate bond is good news for savers. Not only will they see a great return on their investment the new account offers security with a guaranteed great rate for the next 12 months.

"With only £100 minimum investment and the option to open the account online or through the telephone our fixed rate bond is accessible to almost everyone and I would urge savers to act quickly to snap up this fantastic new rate."

A monthly interest option is available for those who rely on their savings for income.

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