Yorkshire one-year variable rate savings bond launched
www.moneynews.co.uk > General finance > Yorkshire one-year variable rate savings bond launched
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Money News |
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Yorkshire one-year variable rate savings bond launched
Wed 4th Jan 2006
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The new bond is only available for a limited period and comes with a 4.75 per cent rate, guaranteed to always pay 0.25 per cent above the Bank of England base rate.
Moreover, the minimum investment is only £100, the building society said, adding that additional deposits can be made throughout the one-year term.
"This new bond is aimed at investors who wish to save their money for a period of at least a year in return for a guaranteed rate of interest," said Chris Edwards, Yorkshire savings product manager.
He added that demand for the Yorkshire one-year variable rate savings bond is expected to be high since customer feedback has shown a desire for a choice between fixed rate accounts and high interest variable accounts.
Yorkshire is one of the UK's largest building societies with 131 branches across the country.
Related News : General finance |
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