Skipton's new bond guarantees a great rate

Skipton Building Society is launching a new issue of its Guaranteed Double Asset Bond (GDAB). The bond splits the customer's investment between cash and an index-linked bond and is available from Monday 2 June.

The structure of the bond means that savers can benefit from any growth in the FTSE 100 and at the same time take a guaranteed return of 7.5% gross on a fixed rate bond.

Steve Aldous, general manager at Skipton, said, "By splitting their deposit between cash and equity, savers can benefit from the potential growth in share prices without all of the risk.

"Add to that a guarantee that protects their capital and pays a market-leading rate on the cash element, and you have a very attractive deal."

For further information, visit skipton.co.uk.