Rates upped on Skipton Pick N Fix bonds

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Rates upped on Skipton Pick N Fix bonds

Thu 7th Dec 2006

Interest rates on the Skipton Building Society Pick N Fix bonds range have been increased for the 12th time this year.

As a result of the rise, the Skipton one-year fixed-rate bond now has a rate of 5.66 per cent gross per annum, the two-year fixed-rate bond is launched with a 5.70 per cent gross per annum rate and the three-year fixed-rate bond comes with a rate of 5.75 per cent gross per annum.

Each of the Skipton fixed-rate bonds in the Pick N Fix range have their rates guaranteed until January 9th of either 2008, 2009 or 2010, depending on the bond.

John Goodfellow, chief executive of Skipton Building Society, stated: "The view of the markets that interest rates will continue to head upwards has had a knock-on effect for our Pick N Fix bonds, the benefit of which we're happy to pass on to our savers."

"Our newly revised range has a choice of rates over a choice of timescales, offering something for everyone," he added.

The Skipton Pick N Fix range is subject to a minimum investment of £500 and a maximum of £50,000. The range of fixed-rate bonds benefit from a simple application process, according to the building society and ensure that the initial investment remains secure.

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