Aug 16 2006
Yorkshire Building Society is helping to look after its young investors by boosting their saving rate by 0.35 per cent from August 27th.
The investment provider hopes to encourage its younger savers to put more funds away for the future.
Following the Bank of England base rate increase, the building society is also increasing its whole range of savings accounts by 0.25 per cent.
Yorkshire's child trust fund now offers an impressive 6.25 per cent interest, its 30 Day Isa is up to 5.25 per cent and both the E-Isa and Youth Account are up to 5.15 per cent.
"Usually when rate changes are considered the primary need is to balance the books between the savings and borrowing customers," explained Andy Caton, corporate development director of the Yorkshire.
"Selective increases are normally the order of the day, but it is a pleasure on this occasion to put a uniform increase across our entire range of savings accounts with additional benefits for the young."
F&C offers investors a range of Peps and Isas with a good rate, for more information click on our free brochures page.
