Yorkshire BS has launched a new savings account that will appeal to those who would like to get their finances in check in time for Christmas 2011.
The Christmas Saver 2011 is a fixed term branch and postal operated account maturing on 30 November 2011, with a minimum investment of £10 paying 3.50% on maturity.
There is a maximum investment cap of £1,200 and no earlier access is permitted, although additions are allowed during the term.
With no requirement to make monthly deposits, the onus is still on investors to plan for the future by depositing excess funds as and when they can but this does make it more flexible than most regular savings accounts where higher rates are available.
The fact that the funds cannot be accessed until the end of November next year will ensure that some funds will be available for next year's festivities.
This account is also available from Chelsea BS and Barnsley BS.
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