Skipton launches e-bond second issue

The Skipton Building Society has launched the second edition of its new e-bond, which offers customers the society's best savings rates.

Just as its predecessor, the new limited edition one-year e-bond will allow customers to invest between £500 and £1 million.

The new issue will pay 3.15 per cent gross per annum for customers taking up the annual interest option and 3.11 per cent for the monthly interest option.

Skipton believes that the new issue compliments the varied range of saving accounts that the society offers and further demonstrates Skipton's commitment to offering consistent, long-term good value.

Kris Brewster, head of products at Skipton, said that the society's previous e-bond has proved incredibly popular.

He added: "Therefore, we have prepared this latest bond to replace it with another market-leading rate."

Once the term of the bond has expired, it will mature directly into an online account called Loyalty Saver which currently offers a competitive savings rate of 2.25 per cent AER.
 

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2010-11-15 13:11:24 © Moneyextra.com