CREDIT CARDS
Yorkshire Building Society announce short-term savings bond
Yorkshire Building Society has announced a new fixed rate savings bond for short term savers, it has been revealed.
The new savings bond will be added to Yorkshire Building Society’s fixed term portfolio from 30 December.
The bond pays 3.50% AER and matures on 31 January 2013. It is available from all Yorkshire Building Society branches, as well as online or over the phone.
“We know many savers are unwilling to tie up their money longer term at the moment, when so much uncertainty remains about interest rates and what may happen to them in the future,” said Yorkshire Building Society Savings Product Manager Mike Helliwell.
The minimum deposit to open a savings bond with Yorkshire Building Society is £1,000. Up to £2 million can be invested into it.
Mr Helliwell added: “The new savings bond offers a best buy rate for a shorter-term fixed period and we are introducing it across all channels so savers can open and operate their account in the way that suits them best.”
The announcement of a new savings bond will be welcome news to those looking to sort out their finances in the New Year.
Research has found that reviewing finances and reducing outgoings on things like shopping, going out, and using credit cards, is top of peoples’ New Year’s resolutions for 2012.
With many of us expecting to feel the financial pinch this coming year, 49% of people are putting financial concerns at the top of their New Year priorities.
“Traditionally New Year is a time to reflect on the changes we want, or need, to make in our lives,” said John Miles, Gocompare.com's business development director.
“Perhaps unsurprisingly, sorting out finances and reducing outgoings top the list for the first time since 2008. And unlike some of the health and lifestyle resolutions, there are several easy, practical steps people can take to make a real change to their finances in 2012.”
Tags: CREDIT CARDS, rate savings bond, savings accounts, short term savers, Yorkshire Building Society