Skipton launches new fixed rate savings bonds

Skipton Building Society has launched new issues of its Pick ‘N' Fix bond, paying rates of up to 3.75% 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 9 December.

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

Three bonds to choose from:
1 Year Fixed Rate Bond - fixed interest rate of 3.25% gross pa until 9 January 2010
2 Year Fixed Rate Bond - fixed interest rate of 3.50% gross pa until 9 January 2011
3 Year Fixed Rate Bond - fixed interest rate of 3.75% gross pa until 9 January 2012

Monthly income option:
1 Year Fixed Rate Bond - fixed interest rate of 3.15% until 9 January 2010
2 Year Fixed Rate Bond - fixed interest rate of 3.40% until 9 January 2011
3 Year Fixed Rate Bond - fixed interest rate of 3.65% until 9 January 2012

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 Withdrawn funds cannot subsequently be replaced.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