Skipton launches new issue of Guaranteed Bond

Skipton Building Society has launched 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 now.

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 7.00% gross on a fixed rate bond.

Steve Aldous, general manager at Skipton, said, "With rates falling and the stock market still low, savers are looking for security and a good return - Skipton's Guaranteed Double Asset Bond provides both."