Yorkshire Online Bank

Yorkshire Online Bank has launched a new 12 month fixed-term Private Client Savings Bond paying 4.00 per cent AER, available to both new and existing customers who hold a DCU|BV Sterling Portfolio. The bond requires a minimum deposit of 100,000 and a maximum of 10m, and as such will guarantee a return of at least 4,000 (for the minimum 100,000 investment).

Sally Ann Watts, of Yorkshire Online Bank, said: "This portfolio offers excellent value for savers looking to ride out the period of low interest rates. Savers looking for a good return over the short term, and who don't want their investments sitting in a portfolio paying base rate levels of interest or worse, should explore the option of moving into a short term savings bond."

To be eligible for the bond, savers must have an Yorkshire Online Bank Portfolio, which is applied for at the same time as the Bond if not already held. This account must remain open for the duration of the term of the Savings Bond. This portfolio offers full services, backed by a dedicated United Kingdom-based handling team and is also available in Pounds, Euros and US dollars, and requires a minimum balance of 5,000 (or currency equivalent).

Unlike most traditional private banks, Yorkshire Online Bank offers more ‘inclusive' services that requires a minimum cash deposit of just 5,000, but offers access to the superior service associated with a private establishment.