1-yr bond is a new entry in the charts | Product News - Moneyfacts

Product News

1-yr bond is a new entry in the charts

1-yr bond is a new entry in the charts

Category: Savings
Date: 29/10/2015

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 It is now over 6 months old so the content may be out of date.

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 basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close