Skipton Pick n Fix Bonds introduced

www.moneynews.co.uk > Skipton Pick n Fix Bonds introduced

Skipton Pick n Fix Bonds introduced

Thu 4th May 2006

A new range of Skipton Pick n Fix Bonds has been launched today, with the one-year option offering 4.96 per cent interest per year, the two-year package carrying 5.01 per cent and the three-year product proposing a rate of 5.1 per cent.

These rates will run until May 31st of 2007, 2008 and 2009 and are based on interest being received on an annual basis.

For the monthly income option, rates of 4.76, 4.81 and 4.9 per cent interest will be paid.

A minimum investment of £500 is required to open any of the Skipton Pick n Fix Bonds, which allow a maximum input level of £50,000 by cheque or transfer only.

"Our Pick n Fix bonds have gone from strength to strength and are still hugely popular," said John Goodfellow, chief executive of Skipton.

"Our customers appreciate the fact that they can trust us with their investment and not only will they receive a great rate of interest, but they will also have peace of mind that our bonds will enable them to make the most of their money."

Customers are only allowed to hold one of the Skipton Pick n Fix Bonds at a time and additional investments are allowed for a limited period.