Yorkshire Building Society has introduced a new 18-month savings bond at 3.40%. The bond will mature on July 31, 2013.
Yorkshire Building Society savings product manager, Mike Helliwell, said: “In the current climate, an 18-month bond is a good compromise for savers wanting to put away their money for more than a year but at the same time not commit to tie it up for the longer term.
“The rate is best-buy and we expect this bond to be as popular as our previous short-term, fixed-rate savings bonds.”
The minimum deposit is £1,000, while the maximum balance is £2 million.