Skipton offers offshore bond
A savings bond providing 3.75 per cent interest has been launched by the offshore arm of Skipton Building Society.
Skipton Guernsey Limited has created the two-year guaranteed fixed rate sterling account as a limited edition investment.
The bond, which will be withdrawn when it is fully subscribed, is available for investors with a minimum of £25,000 to invest but does not allow deposits of more than £5 million.
Alan Bougourd, managing director of the firm, said it had launched the bond in response to client demand.
He added: "With the backing of our parent, Skipton Building Society, the fifth largest in the UK, this account provides both safety and security, giving savers a known return over the next two year, whatever happens in the markets."
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