Skipton Building Society has added more deals to its Pick 'N' Fix savings bond range.
The society has launched a new selection of fixed rate savings bonds, offering a maximum savings interest rate of 5.01 per cent.
Savings bond holders can earn monthly or yearly interest when they take out a savings bond for a year, two years or three years.
Skipton savings bonds are "a top investment", according to Jennifer Holloway at the society.
She says savings bond holders like the fact that their capital is safe and that they are saving money for a set term. The good savings interest rate is also what attracts savers to the savings bonds, Ms Holloway believes.
"The bonus is that we are able to offer these new one-year and two-year fixed rate bonds at a higher rate than before, while our three-year fix, at 5.01 per cent, maintains its great rate," she adds.
A savings interest rate of 4.91 per cent gross a year applies to the one-year savings bond. If interest is taken monthly, this drops to 4.71 per cent.
Savings bond holders saving money for two years will receive 4.76 per cent savings interest if it is paid every month, while 4.96 per cent will be earned annually.
Only one savings bond is allowed per customer. The minimum investment is £500 and up to £50,000 can be deposited in the savings bond.
Skipton's savings bonds expanded
Skipton's savings bonds expanded
Tue, 06 Dec 2005
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