Skipton launches new fixed bonds

Skipton Building Society has launched new issues of its Pick ‘N' Fix bond, paying rates of up to 4.55% gross pa with a monthly income options. These rates replace any previously available, existing customers are not affected.

The bonds will be available in branches, online and by telephone from today Tuesday 18 November.

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

Three bonds to choose from:

1 Year Fixed Rate Bond - fixed interest rate of 4.05% gross pa until 30 November 2009
2 Year Fixed Rate Bond - fixed interest rate of 4.25% gross pa until 30 November 2010
3 Year Fixed Rate Bond - fixed interest rate of 4.55% gross pa until 30 November 2011

Monthly income option:

1 Year Fixed Rate Bond - fixed interest rate of 3.95% until 30 November 2009
2 Year Fixed Rate Bond - fixed interest rate of 4.15% until 30 November 2010
3 Year Fixed Rate Bond - fixed interest rate of 4.45% until 30 November 2011

Minimum investment £500, maximum £250,000 (£500,000 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

Customers may withdraw up to 25% of the initial investment without penalty for 2 and 3 year bonds opened in branch or over the phone, subject to minimum operating balance of £500. Withdrawn funds cannot subsequently be replaced.

For more information, visit skipton.co.uk