Skipton fixes higher rates

Skipton Building Society is launching a new issue of its range of Pick ‘N' Fix bonds with some of the best rates on the high street.

Its new fixed rate savings products, which launch on Monday 7 July, include a 1 year, 2 year and 3 year bond, each with a rate of 7.00% gross pa, and a monthly income option at 6.75% gross pa.

Key Features - Pick ‘N' Fix range of fixed rate bonds

Three bonds to choose from:
1 Year Fixed Rate Bond - fixed interest rate of 7.00% gross pa until 31 July 2009
2 Year Fixed Rate Bond - fixed interest rate of 7.00% gross pa until 31 July 2010
3 Year Fixed Rate Bond - fixed interest rate of 7.00% gross pa until 31 July 2011

Monthly income option:
1 Year Fixed Rate Bond - fixed interest rate of 6.75% until 31 July 2009
2 Year Fixed Rate Bond - fixed interest rate of 6.75% until 31 July 2010
3 Year Fixed Rate Bond - fixed interest rate of 6.75% until 31 July 2011

Minimum investment £500, maximum £50,000 (£100,000 if joint account) - cheque or transfer only
Customers can open more than 1 bond, however, the total investment cannot exceed the maximum limit
Additional investments allowed until bond becomes a closed issue - cheque or transfer only

Steve Aldous, general manager at Skipton, said, "This latest increase to our Pick 'N' Fix bonds makes them some of the most competitive around. We have not seen rates reach 7% for some time and I'm sure savers will be taking the opportunity to gain a great return on their investments."

For more information, visit skipton.co.uk.