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Skipton launches new fixed savings rates

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Skipton Building Society is launching a new issue of its range of Pick N' Fix bonds. Its new fixed rate savings products, which launched yesterday, include a 1 year, 2 year and 3 year bond, each with a rate of 6.75% gross pa, and a monthly income option at 6.50% gross pa.

Key Features - Pick N' Fix range of fixed rate bonds

  • Three bonds to choose from:
  • 1 Year Fixed Rate Bond - fixed interest rate of 6.75% gross pa until 31 August 2009
  • 2 Year Fixed Rate Bond - fixed interest rate of 6.75% gross pa until 31 August 2010
  • 3 Year Fixed Rate Bond - fixed interest rate of 6.75% gross pa until 31 August 2011
  • Monthly income option:
  • 1 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 2009
  • 2 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 2010
  • 3 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 2011
  • Minimum investment £500, maximum £50,000 (£100,000 if joint account) - cheque or transfer only
  • Customers can open more than 1 bond, however, the total investment cannot exceed the maximum limit
  • Additional investments allowed until bond becomes a closed issue - cheque or transfer only

    • Steve Aldous, general manager at Skipton, said "Fixed rates bonds continue to offer the best value in a turbulent market. Guaranteed returns and low risk are a great combination for savers worried about the economy."

    Customers should call the Skipton or visit their local branch for more information.

    23 July 2008 © Moneyextra.com

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