Skipton beefs up e-bond range
Skipton Building Society is making its recently launched E-Bond range even more attractive, by increasing the interest rate on the 1-year account from 3.40% to 3.45% p.a. AER, variable.
The Society's E-Bonds offer customers the chance to benefit from outstanding returns over terms of 6 months, 1, 2, 3, 4 or 5 years. The minimum investment for each product is £500, up to a maximum of £1,000,000 (or £2,000,000 for joint accounts).
As well as their competitive variable interest rates, the E-Bonds feature the convenience of transacting online. They can be opened and topped up via BACS, debit card or other Skipton Online accounts. No withdrawals are permitted during the product term.
The E-Bonds complement Skipton's varied range of attractive savings accounts, including the Society's online and branch My Savings goal based products (2.50/2.25%), its Telephone Saver (up to 2.25%), and the recently launched Online Bonus Saver (3.05% variable, including 1.55% 12-month bonus, with the added benefit of access to funds if needed).
They also reflect the Society's commitment to offering consistent, long term good value products which are transparent, with no hidden catches. And the combination of simplicity and attractive rates means customers can invest their money with confidence.
Kris Brewster, Head of Products at Skipton, said: "Our E-Bonds are a consistently popular choice for our customers, who appreciate the combination of simplicity and highly competitive rates.
"We're continually adjusting our product range to ensure it remains among the most attractive available, hence this upward change in the rate on our 1-Year E-Bond.
"These accounts offer customers the chance to squirrel some money away for a set period of time, safe in the knowledge that it's working hard for them.
"As a mutual, Skipton is committed to doing everything possible to encourage people to manage their finances responsibly, and get into the savings habit, and the new 1-Year E-Bond is the latest example of how we're doing that."
Anyone wishing to find out more about Skipton's new E-Bonds can visit the Society's savings pages on skipton.co.uk.