Yorkshire Building Society launches new fixed rate savings – paying up to 6%

Yorkshire Building Society is offering customers up to six percent on a new range of fixed rate bonds.

The new accounts include a limited issue one-year fixed rate loyalty bond, which is the latest member reward from the mutual.

Savers can benefit from an interest rate of six percent on balances up to £2million.

The account is available from the Society’s branches and agencies, by post or to members already registered online.

It’s available to members who either save or have a mortgage with the building society.

Other accounts launching today, available to both new and existing customers, are:

  • 5.30 percent one-year fixed rate bond available in branches, agencies, post and online
  • 5.50 percent two-year fixed rate bond available in branches, agencies, post and online.

All the three bonds can be opened with a minimum balance of £1,000 and have a maximum deposit of £2million.

It should be noted that no access is allowed during the term of the bonds and all mature on the August 31 in each year.

Chris Irwin, director of savings at Yorkshire Building Society, said: “We try very hard to offer our members competitive rates on their savings to reward their loyalty and to suit their different saving needs.

“This latest account in our member loyalty programme is ideal for savers who love to plan ahead, don’t want the temptation of being able to access their money and want a guaranteed, competitive interest rate which isn’t going to change for the duration of the account.

“We are also pleased to be able to further enhance the return offered on our other fixed rate bonds which continue to complement the range of savings products we offer and have proved popular with savers.

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