Skipton 1 year E-Bond issue 2 paying 3.15%

Skipton Building Society is preparing to launch its second, market leading E-Bond within a week, with a new 1 Year E-Bond Issue 2 offering 3.15%.

Like its predecessor, the Limited Edition 1 Year E-Bond, this latest product, due to launch on Friday, will allow customers to invest between £500 and £1,000,000 (£2,000,000 for joint applications).

The new bond complements Skipton's varied range of savings accounts, including  the Society's My Savings goal based savings range (2.50%), Telephone Saver (up to 2.25%), and its recently launched range of E-Bonds (offering rates from 2% to 4.1%, over terms of six months to five years).

 It further reinforces Skipton's commitment to offering consistent, long term good value products which 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 ‘Loyalty Saver' which currently offers customers an attractive rate of 2.25% AER.

Kris Brewster, Head of Products at Skipton, said: "Our previous E-Bond has proved incredibly popular. As we explained when we launched that product, it was a limited edition with only a limited tranche available. That tranche is filling up fast and we expect to withdraw the product before the end of this week. Therefore, we have prepared this latest bond to replace it with another market-leading rate.

"This is in keeping with our commitment to offering consistent good value, with special offers like this from time to time, as an extra reward for our savers."