Skipton launches new issue of Pick ‘N' Fix bonds

Skipton Building Society is launching a new issue of its range of Pick ‘N' Fix bonds. Its new fixed rate savings products, which launch on Monday 21 July, include a 1 year, 2 year and 3 year bond, each with a rate of 6.75% gross pa, and a monthly income option at 6.50% 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 6.75% gross pa until 31 August 2009
2 Year Fixed Rate Bond - fixed interest rate of 6.75% gross pa until 31 August 2010
3 Year Fixed Rate Bond - fixed interest rate of 6.75% gross pa until 31 August 2011

Monthly income option:
1 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 2009
2 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 2010
3 Year Fixed Rate Bond - fixed interest rate of 6.50% until 31 August 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: "Fixed rates bonds continue to offer the best value in a turbulent market. Guaranteed returns and low risk are a great combination for savers worried about the economy."

For more information, visit skipton.co.uk.