Barnsley BS Launches online and phone bonds - Savings - News - Moneyfacts


Barnsley BS Launches online and phone bonds

Barnsley BS Launches online and phone bonds

Category: Savings

Updated: 02/12/2010
First Published: 02/12/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Barnsley BS has launched two new one year bonds that offer a great rate and can be operated online, or by phone and post.

The 1 Year Online Bond is a fixed term internet operated account maturing on 31 January 2012, with a minimum investment of £100 paying 3.05% on maturity (3.01% monthly).

The 1 Year Fixed Rate Bond offers the same terms but is operated by post and over the telephone.

On both accounts, no earlier access is permitted, although additions are allowed whilst the issue remains open.

The launch of these new one year bonds is good news for investors looking to fix their rate in the short term. At 3.05%, they sit just below the current market leader so should prove popular.

As with most short term bonds, access to funds is not permitted during the term so investors need to be certain they can commit funds from the outset.

Four out of five Moneyfacts stars have been awarded.

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