Yorkshire fixed bond

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YORKSHIRE Building Society has taken advantage of expectations of higher interest rates in the longer term by launching a four-year fixed- rate bond that guarantees to pay 8.5 per cent a year.

The society claims it offers one of the highest rates available on the market.

Rates for five-year guaranteed income bonds are also rising. Prosperity Financial Services is offering 8.41 per cent free of tax for investments above pounds 15,000.

Shorter-term bond rates remain lower. Over three years, Prosperity, the highest payer offers 6.62 per cent for investments above pounds 25,000.

For two-year investments, the rate drops to 5.73 per cent. Many of these rates are available via a commission- sharing deal with Baronworth Investment Services.

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