Yorkshire fixed rate savings bond offers 4%

Yorkshire Building Society is launching a new competitive three year bond - an exciting new product offering a four per cent fixed rate.

Available in branch and via our online and telephone system from 1st January this particular product has the added flexibility that the maximum investment tracks any changes to the FSCS limit and allows deposits or withdrawals to reflect this.

As a best buy product, this excellent competitive rate is available across all Yorkshire brands - Yorkshire Building Society, Chelsea Building Society and Barnsley Building Society.

The maximum investment limit of this innovative product will follow the new FSCS limit which will be increasing to £85,000 on 31st December.  This means our savers will be able to adapt their savings in this bond in accordance to changes to the FSCS Limit.  If it goes up the customer can match the increase; if it goes down the customer can opt to withdraw some of their funds. 

Commenting on the bond Savings Product Manager Mike Helliwell said "This highly competitive bond has the added bonus of allowing flexibility following any changes to the FSCS limit. It is a unique product where our members can still take advantage of a great fixed term rate but know that they have the flexibility to withdraw funds if their limit is reduced.  For example, if the protection limit were to fall by £5000 - they will have instant access and the opportunity to move this money.

"This product provides excellent value for money for those customers wishing to save up to £85,000.  Additionally this product allows the saver to have a combination of savings dependent on their individual needs.  For example they may want £30,000 in an instant access account - and £55,000 in this new fixed rate product allowing for greater flexibility."

"As the only product on the market linked to the FSCS maximum limit we are confident that members will take full advantage of this unique and innovative product."