It emerged this week that two new fixed rate bonds have been launched by Yorkshire Guernsey.
The first bond offers a two year fixed rate of 5.35% gross per annum to be paid on 31 October 2007 and 2008 with instant access to funds available from 1 November 2008.
The second bond offers a three year fixed rate of 5.40% gross per annum payable on 31 October 2007, 2008 and 2009 with instant access to funds available from 1 November 2009.
Both investments allow annual interest to be added to the account or paid out by BACS.
Additional deposits may also be paid whilst the issues remain available to new investors only but early closure or withdrawals are not permitted prior to maturity, and the minimum investment is GBP10,000.
Peter Symes, managing director of Yorkshire Guernsey, announced that:
"These bonds offer extremely good value and will appeal to investors seeking the security of a guaranteed competitive interest rate for the next two to three years."
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