Yorkshire raises fixed rate savings bond

25 July 2006
Yorkshire Building Society has increased the interest rate on its two-year fixed rate savings bond to 5.15 per cent gross AER.

It is a rise of 0.05 per cent on the previous rate of 5.10 per cent but it is a limited-time offer and the building society has recommended customers to act fast in order to snatch it up.

The terms of the bond will come into effect from 1st August but applications can be accepted before this date.

In order to open a savings account, customers will need a minimum initial deposit of £100 and the bond can be set up with a monthly interest option in order to make it feasible for those who rely on savings for their regular income.

Yorkshire Building Society is one of the largest mutuals in the country, with over 130 branches and 75 agencies across the UK.

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