Skipton’s new bond guarantees a great rate

A new index-linked investment hits the high street today, as Skipton Building Society launches its Guaranteed Double Asset Bond.

The product offers investors the chance to gain from possible increases in the FTSE 100 whilst also securing a return of 7.50% gross pa on funds in its 1 Year Fixed Rate Bond.

Steve Aldous, general manager at Skipton, said, “Although the FTSE 100 has fallen from the heights it reached only a few months ago, no-one can predict where it will be in five years’ time. That’s why savers seeking a sound long-term investment should take a look at our Guaranteed Double Asset Bond. And when the product also offers a fixed rate bond paying as much as 7.50%, there’s a profitable return, regardless of how the markets fare.

“The product also guarantees no loss of initial capital, which has certainly added to the popularity and appeal of similar products we’ve launched in the past.”