Barnsley Building Society savings bonds offer up to 5.4% gross AER

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Barnsley Building Society savings bonds offer up to 5.4% gross AER

New savings bonds from Barnsley Building Society are offering up to 5.4 per cent gross AER to those customers thinking of saving for the future.

All bonds are open to both new and existing customers of the firm and offer monthly interest options - potential good news for those whose savings are their main source of income.

The building society's new three-year fixed-rate bond offers an annual gross AER of five per cent while its four-year and five-year variants generate 5.15 per cent and 5.4 per cent respectively.

For the three-year bond, a monthly interest rate of 4.89 per cent applies, while with the five-year account, this figure stands at 5.27 per cent.

Spokesperson for the building society Sarah Lawrence said: "These new products offer market leading rates which will appeal to savers looking for a great return on their investment."

Barnsley Building Society has eight branches in the UK and merged with the Yorkshire Building Society on New Year's Eve 2008.

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