The Beverley continues to encourage rainy-day savings 

Beverley Building Society is continuing to support savers with its latest two-year Fixed Rate Bond Issue 3. 

The account, offering an attractive rate of 0.55% gross, AER, for deposits of £5,000 and over, compares well to other offerings currently available. It is the latest example of how the Society is reaching out to support both borrowers and savers. 

And the Beverley, one of the UK’s longest-established mutuals, is using the money gathered from Fixed Rate Bond balances to enable it to extend the amount of fixed rate mortgages it can offer to people with deposits as low as five per cent.  

The bond’s launch follows the Society’s re-entry into the 95%-loan-to-value (LTV) lending market, and recently-enhanced mortgage rates.  

The Society’s Chief Executive, Karl Elliott, explained: “We all know the last 18 months have been challenging for everyone, and not least savers who have worked hard to put away funds for a rainy day. 

“One consequence of the economic turmoil we’ve seen, is that savings rates remain historically low.

“This means it’s not at all easy for people who rely on income from their savings, to find accounts that enable them to achieve a halfway-decent return. We hope this latest product, which compares favourably to others currently available, will provide them with another option.” 

For more information about the Fixed Rate Bond Issue O3, see the Summary Box attached with this media release or visit the dedicated page on the Beverley Building Society website at beverleybs.co.uk/savings/fixed-rate-bond.

Notes for Editors

For more information about the contents of this media release, please contact Tracy Fletcher via tracy.fletcher@beverleybs.co.uk or 07983 633385.