Apr 6 2006
Skipton Building Society has launched a new fixed-rate bond aimed at investors who want a guaranteed rate of interest.
There are three Pick 'n' Fix bonds to choose from in the range and can be taken out for one to three years.
The one-year fixed-rate bond has an interest rate of 4.90 per cent gross pa until April 30th while the two-year bond has a rate of 4.95 per cent gross pa and the three-year bond a rate of 5.01 per cent gross pa.
John Goodfellow, Skipton chief executive, said: "Our Pick 'n' Fix bonds have proven extremely popular since they were launched and we are delighted to continue their availability.
"We know how much our customers appreciate such a good investment, and the fact that their capital is safe, is invested for a set term and is receiving a great rate of interest enables them to make the most of their money.
"And as the rates on Skipton's range of one, two and three-year fixed rates are currently some of the highest on the market, we expect them to sell out fast."
The minimum investment is £500 and maximum is £50,000.
