Skipton’s fixes rise even higher for savers

Increases to rates in its range of Pick ‘N’ Fix bonds have made Skipton Building Society’s investments some of the best buys on the high street.

Its new fixed rate savings products, which launch on Wednesday 7 February, include a 1 year, 2 year and 3 year bond, each with a rate of 5.96% gross pa, and a monthly income option at 5.76% gross pa.

John Goodfellow, chief executive of Skipton Building Society, commented, “After long periods where market conditions have been in favour of the borrower, it’s good that savers are now the ones to benefit from interest rate changes. This latest increase to our Pick 'N' Fix bonds – the highest these rates have been for over two years - has led them to be some of the most competitive around and I’m sure savers will be taking the opportunity to gain a generous return on their investments.”

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

Three bonds to choose from:
1 Year Fixed Rate Bond – fixed interest rate of 5.96% gross pa until 28 February 2008

2 Year Fixed Rate Bond – fixed interest rate of 5.96% gross pa until 28 February 2009

3 Year Fixed Rate Bond – fixed interest rate of 5.96% gross pa until 28 February 2010

Monthly income option:
1 Year Fixed Rate Bond – fixed interest rate of 5.76% until 28 February 2008

2 Year Fixed Rate Bond – fixed interest rate of 5.76% until 28 February 2009

3 Year Fixed Rate Bond – fixed interest rate of 5.76% until 28 February 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