Skipton Building Society fixed rate bonds 'offer great returns'

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Skipton Building Society fixed rate bonds 'offer great returns'

A source from Skipton Building Society has claimed a new range of fixed rate bonds shows the company's commitment to their clients.

Kris Brewster, head of products at the firm, noted that savers have been hit hard during the past few years as a result of the low interest rates being offered.

However, he lauded a new 18-month fixed rate bond, which offers a return of 3.05 per cent, as long as customers invest a minimum of £500.

Mr Brewster suggested this sort of rate shows the financial institution is aiming to deliver competitive interest, despite the difficult economic climate.

"These changes to our savings range is a clear commitment from Skipton Building Society to deliver great returns to our customers," he said.

Last month, Skipton Building Society launched a range of online bonds, with interest rates varying from two per cent to 4.1 per cent, depending on the sum invested and the term chosen.

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