Skipton bond launched

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Skipton bond launched

Mon 19th Mar 2007

Skipton Building Society has launched a new triple asset bond which, according to the group's chief executive, John Goodfellow, provides a "fantastic fixed rate".

The Skipton bond, invested over three areas, will allow consumers to benefit from returns linked to the FTSE 100 and the Halifax House Price Index.

The package is also linked to a one-year fixed-rate bond offering a return of seven per cent, with investments being allowed with cheque or transfer only.

For the parts of the Skipton bond which are linked to the FTSE 100 and Halifax's House Price index, the customer will receive 100 per cent of the positive growth index in each.

Mr Goodfellow said: "With the FTSE gathering strength over the long term and house prices maintaining a healthy growth, the 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," he added.

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