Yorkshire Building Society has added a three-year fix to their range of offerings. The bond offers a 4.15 per cent interest rate that can be accessed either yearly or monthly depending on a saver’s needs.
Yorkshire BS savings product manager, Mike Helliwell, commented on the lender’s new offering by stating that it boasts a competitive rate that will bring savers an excellent return on their investments. The bond is being made available to new and existing building society customers alike.
In related news, another building society has announced a new addition to its fixed rate bonds offerings as well.
The Leeds Building Society has recently announced the introduction of a fixed rate bond with a term of 18 months. The product carries a 3.15 per cent interest rate.
While the rate of return is less than the offering from Yorkshire BS, the Leeds offering provides savers access to up to 25 per cent of their funds without incurring any penalties or needing to provide notice prior to the withdrawal.
The new offering was designed to offer the building society’s customers more peace of mind and flexibility, stated Leeds BS sales and marketing director Kim Rebecchi. She remarked that this is representative of combinations that lead in the savings market. The banking director also stated that those interested in the new deal should visit a Leeds BS branch to learn more and discuss options with a professional.
This comes after a research study conducted by Yorkshire Bank revealed recently that more than £6 billion in cash is currently gathering dust in forgotten savings across the length and breadth of the UK.