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Loyalty savings bond for Yorkshire members

21st February 2012 Print

Yorkshire Building Society is rewarding its members by introducing a new loyalty savings bond for savers and borrowers.

Offering a competitive return of 3.70% over three years, the loyalty bond will be available to those who have been Yorkshire customers for two years or more.

Available within the branch network from Wednesday 22nd of February, the bond can be opened with £1000.

Commenting on the product, Yorkshire Building Society Savings Product Manager Mike Helliwell said; "We initially launched our first loyalty bond in December of last year and the feedback we received from our branches has been hugely positive.  As a business we fully recognise and value the loyalty of our customers and wanted to introduce a loyalty bond with a competitive rate to acknowledge this - a kind of thank you.  We appreciate their continued business with us and this bond recognises this.

"Offering a competitive rate, this product will allow our savers to invest over three years ensuring they make the most of their investment."

For those who do not qualify for the loyalty bond, a new fixed rate standard bond, which pays 3.45% will also be available for new customers or savers or borrowers who have been customers for less than two years.

Both bonds will also be available from Chelsea Building Society and Barnsley Building Society branches.