Yorkshire Building Society Christmas Saver at 3.50%

Savers considering opening a Yorkshire Building Society Christmas Saver are encouraged to visit their local branch, as the account will no longer be on sale after Wednesday 16th February.

Over £16m has already been invested in Christmas Saver accounts, which were launched at the beginning of December last year.  The account pays a competitive fixed rate of 3.50% gross/AER and savers can put away up to £1,200 throughout the year until the account matures at the beginning of December - just in time for the festive period.

The account is available at any branch of Yorkshire Building Society, Barnsley Building Society or Chelsea Building Society and has the following key features:

Savers can open their account with as little as £10

Savers can invest up to £1,200 throughout the year, as and when they choose to

There is no minimum monthly investment required and no penalty for months when no deposit is made

Savers can choose to make as many payments into the account as they like, providing they do not exceed the maximum total amount of £1,200

Payments by cash, cheque or standing order are accepted

Savers will have instant access to their money from 1st December 2011

Sarah Lawrence, Group Savings Product Manager at the Yorkshire said: "Research has shown that 83% of the British public are worried about the cost of the festive period and saving in a Christmas Saver account could help alleviate these worries.

"Over £16m has already been put aside in our Christmas Saver accounts and I'd encourage any saver hoping to take advantage of this great rate to grab a Christmas Saver, while they can!"