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Yorkshire BS launches new 3.40% savings bond

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.

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