Yorkshire Building Society’s new fastened charge ISAs provide ‘competitive returns’

Yorkshire Building Society is now offering three new accounts, giving savers a chance to get more for their money the longer they lock it away.

Following 13 consecutive base rate rises from the Bank of England, high street banks and building societies have also increased some rates across their savings account to remain competitive.

The new accounts launched include a two-year fixed rate cash ISA account with an interest rate of 5.20 percent tax free/AER.

This is available from YBS branches and agencies, by post or online.

The tax-free account can be opened by anyone aged 16 years or older, with an opening balance of £100, transfers-in are allowed and interest payable annually.

If someone deposited £1,000 into the account, at the end of the fixed term, the balance would be £1,115.22.

Interest earned from the ISA is tax-free and does not contribute to one’s Personal Savings Allowance.

Other accounts which have launched embrace:

Fixed Rate ISAs

• 5.10 p.c one-year fastened charge ISA in branches, businesses, put up and on-line
• 5.20 p.c three-year fastened charge ISA in branches, businesses, put up and on-line

All of the accounts mature on the August 31 in annually.

Chris Irwin, director of financial savings at Yorkshire Building Society, stated: “We always strive to offer our members competitive rates on their savings, combined with a varying range of accounts to suit different saving needs.

“These new accounts give savers security with a guaranteed, competitive interest rate which isn’t going to change for the duration of the account.

“These new ISA accounts will complement the range of other savings accounts we offer.”

For extra data on YBS financial savings accounts, prospects can go to their native department or company.

Alternatively they’ll name 0345 1200 100 or go to www.ybs.co.uk.