|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 03rd of November 2010
July 8, 2009    

Barnsley pays 5.1% on 5-year online bond

Bookmark and Share

by David Masters
Barnsley pays 5.1% on 5-year online bond

Savers looking to lock their money away in exchange for higher interest rates are being urged to consider a new online bond from Barnsley Building Society.

The UK’s third largest building society this week launched the five-year fixed-rate online bond paying interest at 5.1% gross (4.08% net).

Customers can only open the account online, depositing their money electronically using a credit or debit card. This allows interest to start accruing more quickly than it would with deposits made by cheque.

Savers can deposit between £100 and £500,000 per bond.

The bonds are also available for two years and three years, paying 3.85% gross and 4.5% gross respectively.

Sarah Lawrence, senior savings product manager at Barnsley Building Society, said the bonds are aimed at “those savers who are looking for higher returns who can lock their money away for longer.”

Last year, Barnsley merged with Yorkshire Building Society. Both firms retained their original name and branding.

Discuss this in the Finance Markets forums

Story link: Barnsley pays 5.1% on 5-year online bond

Related financial stories to: Barnsley pays 5.1% on 5-year online bond:
Previous: «
Next: »

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: 5.1%, , , , online bond,

Visited 2411 times, 2 so far today