Yorkshire launches loyalty savings bond

Yorkshire Building Society customers are being rewarded for their loyalty with a special savings bond offering a competitive return of 3.80% gross/AER.

The Loyalty Bond, for savers or borrowers who have been customers of Yorkshire Building Society for two years or more, matures on 31st December 2014.

The bond is available in branch only.

"We wanted to introduce a special savings product with a competitive rate to acknowledge the loyalty of our customers and thank them for their continued business," said Yorkshire Building Society Savings Product Manager Lynne Pepper.

"We know Yorkshire customers particularly value the service they receive in branch so we decided to launch the Loyalty Bond across our branch and agency network."

A new fixed rate standard bond, which pays 3.55% gross/AER, also is launched today for new customers or savers or borrowers who have been customers for less than two years.

The minimum deposit for either product is £1,000 and savers can invest up to £2 million.

The new Loyalty Bond and fixed rate standard bond also are available from branches of Chelsea Building Society and Barnsley Building Society.