Skipton Building Society has announced that it is to re-price its savings bond range.
For those wishing to earn a guaranteed savings rate on their investment, the Society offers a fixed interest rate of 4.85 per cent gross pa across its Pick 'N' Fix savings bond range.
This includes one-year, two-year and three-year savings bonds that also offer a monthly income option of 4.65 per cent.
A new savings bond will also be launched by the Society this week. The new step-up savings bond offers a savings interest rate of 4.50 per cent gross pa, fixed until March 31st 2006.
This savings interest rate will be gradually increased to 5.50 per cent after a period of two years.
Skipton's head of media relations, Jennifer Holloway, said the Society's Pick ‘N’ Fix savings bonds are now amongst the best on the market.
She also said that the new two-year step-up savings bond guarantees increasing savings interest rates in an environment where financial commentators continue to predict a fall in savings rates.
"The step-up bond is also a great option for customers who might need access to their capital, as savers can immediately withdraw up to 20 per cent of their initial investment each year without penalty," Ms Holloway said.
Savings bonds revamped at Skipton
Savings bonds revamped at Skipton
Mon, 05 Sep 2005
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