Protect your investment with inflation-linked savings

With the Bank of England base rate unchanged at its historic low for a 25th consecutive month and rising inflation, Yorkshire Building Society has encouraged investors to protect the real value of their savings by investing in Yorkshire deposit accounts which see returns linked to inflation.

Following their February launch, which saw huge demand from new and existing customers, the Yorkshire has now opened a new tranche of its inflation-linked Protected Capital Accounts.

This five year product offers an annual income or a maturity return option giving customers the opportunity to choose which would be most beneficial for their savings.

Reminding customers of the Inflation linked product benefits, Simon Broadley from Yorkshire Building Society said; "Today the Bank of England announced that the Base Rate would remain unchanged at its historic low of 0.5%. Set against the backdrop of UK inflation (RPI) standing at 5.5%, the benefits are clear.

"These products allow customers the opportunity to ensure that their savings work more efficiently for them. Essentially making sure that the buying power or the true value of their savings is protected."

The product, manufactured by Credit Suisse, will be available through all brands of the Yorkshire Building Society Group (Yorkshire Building Society, Chelsea Building Society and Barnsley Building Society) and can be opened in both branch and on the Yorkshire's website ybs.co.uk.

Customers will be able to invest from £3,000 to £85,000 in the account.

The account is available for tax free returns using 2011/12 Cash ISA allowance and Cash ISA transfers from previous years, as well as non-ISA deposits.