Skipton offers sweet return on Pick ‘N’ Fix bonds

Savers looking to invest over one, two or three years and get a great rate will welcome today’s launch of Skipton Building Society’s Pick ‘N’ Fix bonds.

With all rates at 6.20%, the one, two and three year products guarantee a competitive return at a time when some are predicting interest rates are reaching their peak.

John Goodfellow, chief executive, said, "It's obvious that savers want an investment account that's going to give them the biggest return on their money whilst still meeting their needs. That's why our Pick 'N' Fix bonds have always proven so popular, with their option to invest for one, two or three years. But for anyone deciding to tie their money up for 12 months or more, the hard part is feeling confident that as soon as it's invested, a better deal won't appear around the corner.

"However, with our new 1, 2 and 3 year fixed rate bonds all offering 6.20%, savers can be certain that - however long they choose to invest with us - they're getting one of the best rates on the high street."

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

Three bonds to choose from:

1 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2008
2 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2009
3 Year Fixed Rate Bond - fixed interest rate of 6.20% gross pa until 30 June 2010

Monthly income option:

1 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 2008
2 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 2009
3 Year Fixed Rate Bond - fixed interest rate of 6.00% until 30 June 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