The Yorkshire Building Society fixed rate bonds can help you make your money grow, offering guaranteed returns for locking your cash away. Before you apply however you can use the tables below to compare deals from other leading providers and make sure you're getting the best one for you - we've made it easy to look at a selection of different fixed rate bonds:
Yorkshire Building Society fixed rate bonds features:
- Minimum deposit of £1,000
- Maximum deposit of £2,000,000
- Choice of 1, 2 or 3 year terms
- Choice of monthly or annual interest payments
- Apply via post, online or in branch
- Withdrawals or losure closure is not permitted except in circumstances covered by their savings pledge
Before you lock your money into a YBS fixed rate bond you should try to ensure that it is the best deal available for your specific requirements, therefore shopping around to compare the market before hand is a good idea, you can use the comparison tables on this page to view a range of fixed rate bonds from several different providers. You might also want to consider alternative savings plans to see if any other suits your needs better.
Other savings plans include:
- Tracker bonds – This sort of bond offers a variable interest rate that tracks the bank of England’s base rate. This means any changes made to the base rate will affect how much interest you earn on your account; this means you could receive a better or worse interest rate. As the interest rate is not fixed you cannot predict from the outset how much you will get in return on your investment like you can with a fixed rate bond.
- Structured Deposits – Structured deposits also require you to lock up your funds for a period of time. However this type of plan is normally tied to an index such as the FTSE 100, if over the plan the index or indices perform in a certain way you will receive your original investment back plus an interest payment typically larger than those offered by bonds or savings accounts. However getting an interest payment is not guaranteed if the index does not fulfil the criteria set in the plan’s terms and conditions then you will only receive back your original investment with no interest on it.
- Savings Account – investors who which to maintain easy access to their savings should they ever need them may be interested in an instant access savings account. Although they do usually offer lower interest rates than bonds or structured deposits, they offer unlimited free withdrawals from the account.