Skipton launches 'Pick N Fix' savings bonds
Monday, 11 Jun 2007 07:51
Skipton Building Society has today launched a range of one, two, and three-year "Pick ‘N’ Fix" savings bonds.
The savings bonds pay 6.20% for people investing between £500 and £50,000 - however money can only be paid in by cheque or direct transfer.
"It's obvious that savers want an investment account that's going to give them the biggest return on their money whilst still meeting their needs," said John Goodfellow Skipton chief executive.
"That's why our Pick 'N' Fix bonds have always proven so popular, with their option to invest for one, two or three years.
"But for anyone deciding to tie their money up for 12 months or more, the hard part is feeling confident that as soon as it's invested, a better deal won't appear around the corner.
"However, with our new 1, 2 and 3 year fixed rate bonds all offering 6.20%, savers can be certain that - however long they choose to invest with us - they're getting one of the best rates on the high street."
Key Features of the Skipton Pick ‘N’ Fix range of fixed-rate savings bonds
Three bonds to choose from:
1 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2008
2 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2009
3 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2010
Monthly income option:
1 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 2008
2 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 2009
3 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 2010
Minimum investment £500, maximum £50,000 – cheque or transfer only
Maximum one of each bond per customer
Additional investments allowed for a limited period - cheque or transfer only