Four-year bond has flexibility built in
Yorkshire Building Society is launching a three-year bond, which offers a four per cent fixed rate.
The product's maximum investment tracks any changes to the FSCS (Financial Services Compensation Scheme) limit and allows deposits or withdrawals to reflect this. Savings product manager Mike Helliwell said: "This highly competitive bond has the added bonus of allowing flexibility following any changes to the FSCS limit. Our members can still take advantage of a great fixed-term rate but know that they have the flexibility to withdraw funds if their limit is reduced. For example, if the protection limit were to fall by 5,000 they will have instant access and the opportunity to move this money.
"This product provides excellent value for money for those customers wishing to save up to 85,000."