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Online savers click with Barnsley

8th June 2011 Print

Barnsley Building Society has increased the choice for online savers with two new bonds offering competitive rates.

After high demand for earlier online bonds, the Society has added new three year and five year fixed rate online bonds to its product range.

The three year bond offers 4.05% gross/AER and the five year bond pays 4.65% gross/AER, fixed to the end of May 2014 and end of July 2016 respectively, for anyone able to save their money for the longer term.

Commenting on the new savings bonds, Barnsley's Savings Product Manager Mike Helliwell said: "The new three year and five year bonds will complement the one year online bond the Barnsley already offers.

"Interest in our portfolio of online bonds has been very strong this year and we are finding an increasing number of savers are choosing to manage their money online and enjoy the convenience this brings."

The one year online bond offers 3.30% gross/AER.

All Barnsley online 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 an online bond is £1,000.