Skipton's Pick 'N' Fix Bonds offer 6.3% interest

Skipton Building Society has increased the interest rate it pays on its one, two, and three year Pick 'n' Fix savings bonds to 6.3% gross pa.

"Whilst borrowers are starting to feel the pressure from successive rate rises, today's savers are definitely benefiting from the market conditions," said John Goodfellow, Skipton chief executive.

"We're passing on these increases through our interests rates and, for the third time in a row, the latest issue of our Pick 'N' Fix Bonds is paying even more than the previous one - keeping it as one of the best rates on the high street."

Pick 'N' Fix range of fixed-rate savings bonds features:

• 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
  Three bonds to choose from:
  
• 1 Year Fixed Rate Bond - fixed interest rate of 6.30% gross pa until 31 July 2008
  
• 2 Year Fixed Rate Bond - fixed interest rate of 6.30% gross pa until 31 July 2009
  
• 3 Year Fixed Rate Bond - fixed interest rate of 6.30% gross pa until 31 July 2010
  Monthly income option:
  
• 1 Year Fixed Rate Bond - fixed interest rate of 6.10% until 31 July 2008
  
• 2 Year Fixed Rate Bond - fixed interest rate of 6.10% until 31 July 2009
  
• 3 Year Fixed Rate Bond - fixed interest rate of 6.10% until 31 July 2010