Skipton launches new issue of Guaranteed Bond

Skipton Building Society is launching a new issue of its Guaranteed Double Asset Bond (GDAB) on Monday 5th January.

The bond splits the customer's investment between cash and an index-linked bond and is available now.

The structure of the bond means that savers can benefit from any growth in the FTSE 100 and at the same time take a guaranteed return of 5.50% gross on a fixed rate bond.

Tim Fletcher, general manager at Skipton, said, "In a turbulent market, savers can benefit from a good fixed rate for a year plus a guaranteed return from the stock market with our new Guaranteed Double Asset Bond issue."