Yorkshire Building Society has announced some new fixed rate savings bonds for its investment portfolio.
One of the UK's largest remaining mutuals, Yorkshire BS has been quick to respond to the Bank of England's announcement of an increase to the base rate of interest by unveiling several new higher rates for many of its products,
Yorkshire's latest announcement means applicants for a two-year fixed rate bond will be offered interest at 5.35 per cent gross per annum, while customers opting for a three-year fixed rate savings account will receive 5.4 per cent gross interest.
The two-year bond is aimed at both existing and new customers, whereas the three-year option is intended for current customers only.
"With interest rates increasing it's great to be able to pass on the benefits to savers," said David Heshon, product development manager at Yorkshire Building Society.
"Following the last base rate rise, Yorkshire has passed on the full increase to all its savings account holders, the new high rate bonds therefore compliment the range of accounts we offer to savers."
The minimum balance required to open one of the aforementioned bonds with Yorkshire BS is £100.To read more about investments, click here.
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