Barnsley Building Society has launched a new 1-year fixed-rate savings bond paying a table-topping 3.05% AER. The new savings product means that Barnsley BS currently tops the Which? Best Rate tables for both 1-year fixed-rate savings and 1-year fixed-rate cash Isas.
The bond is available to all new and existing customers and is available to open online. Consumers can also choose to open their account by telephone and operate it by post.
A monthly interest option is available for those who rely on their savings for income. The minimum deposit is £100, with a maximum investment of £1m. Withdrawals during the year are not allowed and the bond matures on 31 December 2011.
Which? principal researcher Martyn Saville commented: ‘It’s great to see Barnsley BS re-entering the fixed-rate savings market with this table-topping deal. If you’re happy to tie up your money for the full year, this new bond beats all the competition and could be an excellent option for savers who don’t want to lock into a longer deal.’
Which? Best Rate savings accounts
Which? compares savings accounts based on stringent criteria in order to help you make the most of your money. We look at standard savings accounts as well as fixed rate savings accounts and cash Isas.
For more information on savings accounts and how to choose the right one for you, read the Which? advice guide.
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