Skipton and First Direct launch new products

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Skipton and First Direct launch new products

New fixed bond rates have been launched by Skipton Building Society, while First Direct has a new fixed-rate cash ISA.

The updated rates from Skipton replace any previous ones and do not affect existing customers.

Key features of the Pick 'N' Fix range of fixed-rate bonds are that they are available for one, two or three years with a rate of 6.05 per cent gross a year until the end of the September in the year they expire.

Monthly income options are also available with a rate of 5.85 per cent.

The minimum investment is £500 while the maximum is £250,000, or £500,000 if it is a joint account.

First Direct's cash e-ISA is available until November 6th, with the rate fixed until June 15th 2009.

It offers a rate of 5.85 per cent AER which will, after the fixed-rate expiry deadline, go back to the standard cash e-ISA variable rate at the time.

There are no withdrawal or transfer fees.

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