Yorkshire continues to help with inflation

With the announcement that UK interest rates are to be held at a record low of 0.5% by the Bank of England, Yorkshire Building Society has urged savers to make the most of their investment by protecting the real value of their money with inflation linked products.

With the withdrawal of NS&I's product from the market this week, the Yorkshire's Protected Capital Account is offering a real alternative for those savers feeling frustrated with the current market.

Commenting on the product Simon Broadley from Yorkshire Building Society said; "Since we launched our inflation linked product back in February we have had an excellent response from customers.  With underlying market conditions continuing to change we are finding that more and more investors are taking advantage of it.  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 current 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) until 16th September 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.