Yorkshire Building Society has given its one-year bond a welcome boost into the Moneyfacts charts with a rate rise of 0.15%, enabling it to take a place among the top 10 accounts of its sector.
The one-year version of Fixed Rate E-Bond now pays a competitive rate of 2.05% on maturity (30.11.16) or 2.03% monthly.
This internet-operated bond requires an initial investment of at least £1,000.
Further additions are permitted while the issue remains open, but early access to funds is not possible. Savers must therefore ensure that they are happy to leave all of their funds invested until the bond matures.
For those who would prefer to manage their account via other means, a branch and postal-operated version of the account paying the same rate is available. Savers can also apply through branches of Chelsea Building Society, Barnsley Building Society and Norwich & Peterborough Building Society.
Savers hunting for an eye-catching short-term bond will be delighted by this latest update. Now sitting among the top 10 accounts of its sector, this bond is very attractive, boasting flexible interest options and the opportunity to invest extra funds for a limited period.
Moneyfacts rating: Excellent
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