Scarborough options bonds offer returns of up to 5.85%

Scarborough Building Society is launching the latest edition of its popular Options Bonds – offering competitive rates of up to 5.85% annual interest.

With a minimum opening balance of just £100, previous editions of the Society’s Options Bonds have proved popular with customers, as they offer something for everyone – a great return whatever your level of investment.

They also provide a choice of terms with the added benefit of fixed rates – over one, two or three years – taking advantage of the current high level of money market interest rates.

Flexibility is also key to the products, allowing customers partial access to their money once during their account term without notice or penalty. Head of Group Marketing Tony Burdin said: ‘We’re pleased to announce this very competitive new version of an account which has appealed to many of our customers in the past.

‘Options Bonds are also automatically re-invested on maturity, meaning customers can continue to benefit from the competitive rate available on this suite of products at that time – with the opportunity to withdraw up to 50% of their funds once the account rolls over.

‘We hope that this new account will offer our customers the dual benefits of long term good value through a great, guaranteed rate of interest, while also giving them partial access to their funds without penalty.’