By June 19, 2013 Read More →

Skipton launches new one-year bond

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Skipton Building Society has today (Wednesday 19 June)launched a new one-year Fixed Rate Branch Bond paying up to 1.35%.

This new addition to the Society’s fixed rate branch bonds offer customers the chance to benefit from competitive returns over terms of one, two or five years. The minimum investment for the new account is £500, up to a maximum of £1,000,000 (or £2,000,000 for joint accounts).

Full details of Skipton’s new one-year Fixed Rate Branch Bond range are:

  • Invest up to £1,000,000 (£2,000,000 for joint applications) – minimum balance of £500 by cash (branch only) debit card, cheque or internal transfer from another Skipton Building Society account;
  • Know your savings are working hard with interest calculated daily and paid annually or monthly;
  • Make additional investments into your bond until it becomes a closed issue, which may be at any time and without notice;
  • No withdrawals allowed until maturity.

Key product details -one-year Fixed Rate Branch Bond

Bond Term Balance Tiers Annual Interest Option Monthly Interest Option
1 Year Fixed Rate Bond – Fixed until 9 August 2014 £500 – £24,999 1.25% Gross pa/ AER 1.24% Gross pa/ 1.25% AER
£25,000 plus 1.35% Gross pa/ AER 1.34% Gross pa/ 1.35% AER

The bonds reflect the Society’s commitment to offering consistent, long term good value products with exceptional customer service. And the combination of simplicity and attractive fixed rates means customers can invest their money with confidence.

Skipton’s Head of Products, Kris Brewster, said:

“We know for many of our customers, our fixed rates bonds really hit the mark. They appreciate the combination of simplicity and competitive rates, coupled with the flexibility of choosing how long they want to tie their money up for. This new account strengthens our fixed rate bond range, giving customers another option for their savings and offering them the chance to squirrel some money away for a rainy day.”

About the Author:

Danny Wilson is an expert on all aspects of personal finance and has worked in the industry for long enough to know better....

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