Barnsley Building Society launches new online savings bonds

Barnsley Building Society is adding to its portfolio for online savers, with two new bonds offering competitive savings rates.

A new one-year and five-year Fixed Rate Online Bonds will join the existing Barnsley Building Society two-year Fixed Rate Online Bond.  

The one-year bond offers 3.4% gross/AER and the five-year bond pays 5% gross/AER for those who are able to save their money for the longer term.

Commenting on the new online bonds, Barnsley's Savings Product Manager Mike Helliwell said: "We are very pleased to add these new bonds online to complement the two-year bond the Barnsley already offers.

"We know more and more savers are using the web to seek out the best deals so we've introduced this range of competitive products to meet their needs.

"Lots of people now choose to manage their money online so we've made these latest bonds easy and convenient to open and operate, 24 hours a day."

The two-year Fixed Rate Online Bond, a current best buy, pays 3.95% gross/AER, fixed to the end of April 2013.

All three bonds pay interest annually, or have a monthly interest option for those who rely on their savings for income, and savers can invest up to a maximum of £2,000,000. The minimum amount needed to open a bond is £1,000.

The five-year Fixed Rate Online Bond also can be opened and operated in Barnsley Building Society branches or by telephoning 0845 1200 898.

For more information, visit barnsley-bs.co.uk.