Clydesdale and Yorkshire banks launch new deposit account

Clydesdale and Yorkshire banks have launched new deposit accounts which offer its customers some of the best savings rates on the market.

The new deposit account can be accessed for terms between three months and five years and offers savers the opportunity to access savings rates of up to 4.25 per cent AER.

Yorkshire and Clydesdale banks believe that the new deposit account is ideal for savers looking to put away a lump sum who don't want to make any further deposits or withdrawals.

Steve Reid, retail director for Clydesdale Bank, said: "People want to ensure that their money is safe and is working for them and at Clydesdale and Yorkshire banks we are focused on delivering competitive rates for savers."

Savers looking to open one of Clydesdale and Yorkshire's savings deposits can do so with a minimum deposit of £2,000 and they may save up to £5,000,000.

Yorkshire Building Society recently launched a new fixed rate bond paying its customers a savings interest rate of 4.15 per cent.
 

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2011-01-28 11:13:19 © Moneyextra.com