Home.co.uk
Home.co.uk

News: Skipton steps up with new investment bonds

Skipton Building Society has repriced its Pick 'N' Fix range of fixed rate bonds - the latest offers all set at 4.85% gross pa. The range includes 1-year, 2-year and 3-year bonds - each offering a monthly income option with a return of 4.65%. Rates are fixed through September 30th 2006, 2007 and 2008 respectively.

In addition, the society is launching a new step-up bond on September 7th with rates stepping up to 5.50% after two years.

The 2-year Step-Up Bond will pay 4.50% gross pa through March 31st 2006, then 4.75% to September 30th 2006, 5.00% to March 31st 2007 and 5.50% to September 30th 2007, when it matures. Savers will have immediate access to 20% of the initial investment each year, penalty-free, subject to a minimum operating balance of £500.

Interest will only be capitalised on maturity.

Minimum investment is £500, maximum £50,000 - by cheque only.

Additional investments are permitted for a limited period - again by cheque only.

A maximum one bond is allowed per customer - per issue

Back to: News Index