Yorkshire Building Society (YBS) this week launched a new range of fixed-rate eBonds aimed at customers “looking to maximise the returns they receive on their savings.”
Available for two, three, or four years, the bonds pay a fixed rate of up to 4.5% gross/AER and require a minimum investment of £100.
The two-year eBond pays interest at 3.5% per annum, whilst the four-year eBond pays interest at 4.5% per annum.
Savers can choose to have their interest paid yearly, or monthly at a slightly lower interest rate.
Chris Edwards, UBS head of savings and mortgages, said: “In this current low interest rate environment many customers are looking to maximise the returns they receive on their savings.
“This new range of eBonds will appeal to those people who are able to lock away their savings for a fixed period.”
Customers looking to take out an eBond with the building society can only apply online.
At the end of its term, the bond matures in a YBS Internet Saver account, providing instant access to funds.
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