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Skipton changes bond rates

05 September 2005
Skipton Building Society has repriced its fixed rate bonds on its Pick ‘N’ Fix range, offering them at 4.85 per cent gross per annum.

The range, which encompasses one, two and three year bonds, also comes with a monthly income option.

The news comes ahead of the launch of Skipton's new step-up bond, which will step rates up to 5.50 per cent after two years.

Media relations chief Jennifer Holloway commented: "Our Pick ‘N’ Fix Bonds are now amongst the best on the market and, to top that, the new 2-Year Step-Up Bond guarantees increasing rates in an environment where financial commentators continue to predict a fall in rates.

"The step-up bond is also a great option for customers who might need access to their capital, as savers can immediately withdraw up to 20 per cent of their initial investment each year without penalty."

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