Skipton Building Society Fixed Rate Bond

If you can afford to put some savings away without having immediate access then a Skipton building society fixed rate bond may be able to offer better interest returns than their easy access savings options. Before you take out a Skipton building society fixed rate bond you may want to look at other available fixed rate bonds using the comparison tables below to see if you can find the plan which suits your requirements best.

Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply
2.35%4 YearsApply Now >
Earn 2.35% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.
2.20%3 YearsApply Now >
Earn 2.20% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available
1.50%3 YearsApply Now >
Interest paid annually at 1.50% (gross), quarterly at 1.49% (gross), or monthly at 1.49% (gross). Minimum Deposit £10,000.
1.40%3 yearsApply Now >
3 year fixed rate savings account paying 1.40% Gross (1.38% AER)
1.00%2 yearsApply Now >
2 year fixed rate savings account paying 1.00% Gross (1.00% AER)
0.75%1 yearApply Now >
1 year fixed rate savings account paying 0.75% gross/AER.
Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

4.25%

per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 4.25% times the number of years the plan has been in force. Also available for Cash NISA and NISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Skipton Building Society fixed rate bond Features:

  • A choice of fixed rate E-bonds managed online or fixed rate bonds managed in branch or by post
  • A choice of 1, 2, 3 or 5 year bond terms
  • Minimum balance of £500
  • Maximum investment of £1million for individual accounts or £2million for joint accounts
  • No withdrawals or early closures are permitted during the term of the bond
  • Fixed rate of interest guaranteed for the term of the bond
  • Choice of interest to up the value of your bond or receive monthly payments

As a fixed rate bonds by their nature require you lock your savings away without access for a period of time before you open one it may be wise to shop around thoroughly before to ensure you have found the plan that fits your requirements best. The comparison tables on this page may help you look at the various features of plans from different providers.

 

Other savings options

In addition to comparing the different fixed rate bonds that may be available you could also consider alternative savings options to see if they better suit your needs, plans that you may want look into include:

Tracker bonds

An alternative sort of savings bonds, they generally also offer durations of 1, 2, 3 and 5 years however unlike a fixed rate bond the interest paid on the bond over its duration van fluctuate in response to any changes made to the Bank of England’s base rate of interest which the bond tracks. This means you could receive a better or worse rate of interest and you cannot predict how much you will get in return at the end of the bonds term like you can with a fixed rate.

 

Structured Deposits

Structured deposits also require you to lock your savings up for a set period of time, however they usually offer higher potential interest returns, but your interest return is not guaranteed. Structured deposits work by being linked to an index or indices such as the FTSE 100. Although your original investment is guaranteed to be returned you will only get interest paid on it if the market the plan is tied to performs in such a way as stated by the terms and conditions of the investment plan.

 

Instant Access Savings Accounts

If you want an investment where you can access your savings more easily should you ever need to then you may want to consider an Instant Access Savings Account, although they normally offer lower interest rates than bonds or structured deposits, they usually offer unlimited free withdrawals.