Skipton’s bond rates rise for 12th time

For what is the 12th time this year, Skipton Building Society is again increasing the rates on what is already one of the most competitively priced ranges of fixed rate bonds on the high street.

Its new range of Pick ‘N’ Fix products, which launch today, include a 1 year bond with a rate of 5.66% gross pa, a 2 year bond at 5.70% gross pa and a 3 year option priced at 5.75% gross pa.

John Goodfellow, chief executive of Skipton Building Society, commented, “The view of the markets that interest rates will continue to head upwards has had a knock-on effect for our Pick 'N' Fix bonds, the benefit of which we're happy to pass on to our savers. Our newly revised range has a choice of rates over a choice of timescales, offering something for everyone.”

Key Features – Pick ‘N’ Fix range of fixed rate bonds

Three bonds to choose from:
1 Year Fixed Rate Bond – fixed interest rate of 5.66% gross pa until 9 January 2008
2 Year Fixed Rate Bond – fixed interest rate of 5.70% gross pa until 9 January 2009
3 Year Fixed Rate Bond – fixed interest rate of 5.75% gross pa until 9 January 2010

Monthly income option:
1 Year Fixed Rate Bond – fixed interest rate of 5.46% until 9 January 2008
2 Year Fixed Rate Bond – fixed interest rate of 5.50% until 9 January 2009
3 Year Fixed Rate Bond – fixed interest rate of 5.55% until 9 January 2010

Minimum investment £500, maximum £50,000 – cheque or transfer only
Maximum one of each bond per customer
Additional investments allowed for a limited period – cheque or transfer only