Yorkshire launch competitive 18 month savings bond

Yorkshire Building Society is launching a new range of competitive bonds helping savers make the most of their finances in the current financial climate.

The new products will include an 18 month and three year savings bond allowing investors to choose the best option for them.

Commenting on the new products the Yorkshire's Group Savings Manager Sarah Lawrence said that savers needed to be encouraged to invest.

"We know that many savers are feeling frustrated with the current market as interest rates remain low, but we need to ensure that individuals are encouraged to invest and we hope that these new competitive products will allow them to do so."

"With the Bank of England base rate expected to remain at its historic low, savers are prepared to lock their money away and these two new products will give them choice about which is more suitable for them - either 18 months or three years."

The 3.65% fixed until 30/11/2014 can be opened online with a minimum of £1,000. Likewise, the 3.50% fixed until 31/ 03/2013 can also be opened with only £1000, but is available in Yorkshire branches and via our telephone network. Both bonds offer a monthly option for those relying on their savings to provide an income, 3.59% and 3.45% gross respectively.

For more information, visit ybs.co.uk.