Scarborough launches latest Options Bonds

Scarborough Building Society is launching the latest edition of its popular Options Bonds – offering competitive rates of up to 6.50% 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 current, high interest rate trends.

Flexibility is also key to the products, allowing customers partial access to their money once during their account term without notice or penalty.

Dave Wormall, Head of Group Marketing, said: ‘Our Options Bonds have proved extremely popular with customers ever since the first products in this range were launched in 2005.

‘We’re delighted that the current high interest rate environment is enabling us to reward our customers even more, with competitive rates of up to 6.50% (gross p.a).’

He added: ‘We hope these latest accounts will offer our customers the dual benefits of long term good value and great, guaranteed rates of interest, while also giving them partial access to their funds without penalty.’