Skipton Building Society Guaranteed Triple Asset Bond offered

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Skipton Building Society Guaranteed Triple Asset Bond offered

Mon 18th Sep 2006

Skipton Building Society is offering its customers the chance to invest in its Guaranteed Triple Asset Bond in order to benefit from rising markets and house prices.

One third of the investment in the Skipton Building Society Guaranteed Triple Asset Bond will be index linked to the FTSE 100 while another third will be index linked to the Halifax House Price Index.

The customer will receive 100 per cent of the positive growth in each index, Skipton Building Society explains.

The Skipton Building Society Guaranteed Triple Asset Bond also includes a one-year fixed-rate bond offering a return of 6.5 per cent gross per annum.

John Goodfellow, chief executive of Skipton Building Society, said: "With the FTSE now showing a stable rate and house prices predicted to grow steadily, this bond offers savers the chance to cash in on any increases.

"The product also guarantees no loss of initial capital, which has certainly added to the popularity and appeal of such investments when we've launched them in the past."

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