Skipton launches limited edition online bond

Skipton Building Society has launched a new limited edition online bond, offering a competitive rate of 3.30%. The one year fixed rate bond allows customers to invest between £500 and £1,000,000 (£2,000,000 for joint applications).

This limited edition product is the latest addition to the growing Skipton family of competitive savings products. It follows in the footsteps of Skipton's My Savings goal based savings range (2.50%), Telephone Saver (up to 2.25%) and Skipton's recently launched range of E-Bonds (offering rates from 2% to 4.1%, over terms of six months to five years) and reinforces Skipton's commitment to offering consistent, long term good value products. These suites of savings products are transparent, with no catches. And the combination of simplicity and attractive rates means customers can invest their money with confidence.

Once the term of the bond has expired, it will mature directly into an online account called ‘My Loyalty Saver' which currently offers customers an attractive rate of 2.25% AER.

Kris Brewster, Head of Products at Skipton, said: "This is yet another competitive and straightforward savings product from Skipton. To us, the customer is always our priority and this latest product complements our existing, long term good value, range. All of our products aim to make it easy for our customers to transact easily, in whatever way best suits them, while ensuring their money works as hard as possible."