Yorkshire Building Society is adding to its savings portfolio with a competitive new fixed rate bond for longer-term savers. The bond – which offers a return of 2.50% gross/AER – matures on 30 April 2018 and is available from all Yorkshire branches and agencies from Saturday, 6 April. “This competitive new fixed rate bond offers savers a higher interest rate if they are able to put it away for the longer term,” said N&P product manager Gary Lacey. “It’s a straightforward product and adds to N&P’s savings portfolio, to offer more choice for investors who don’t need access to their cash straightaway.”

The bond can be opened with a minimum of £1,000 and permits a maximum balance of £1 million. Savers can choose to receive interest annually or monthly and no withdrawals are permitted during the term of the product.