New fixed rate savings bond for short term savers

A new savings bond offering a best buy return is being added to Yorkshire Building Society's fixed term portfolio from Friday (30th December).

The new one year fixed rate bond - which pays 3.50% gross/AER and matures on 31st January 2013 - is available through Yorkshire Building Society branches, by telephone and online.

"We know many savers are unwilling to tie up their money longer term at the moment, when so much uncertainty remains about interest rates and what may happen to them in the future," said Yorkshire Building Society Savings Product Manager Mike Helliwell.

"The new savings bond offers a best buy rate for a shorter-term fixed period and we are introducing it across all channels so savers can open and operate their account in the way that suits them best."

The minimum deposit in the new bond is £1,000 and up to £2 million can be invested.

For more information, visit ybs.co.uk.