Skipton BS has blown the long term fixed rate bond competition away with the launch of a new savings product.
Requiring a minimum investment of £500, the five year Fixed Rate Bond pays 5.35% yearly, 5.25% monthly, making it a market leader in the longer term field.
Additions can be made to the bond while the issue remains open, but the commitment of funds for the full term is essential as no earlier access is permitted.
The monthly option will also appeal to those looking to take a regular income from their investment.
Four out of five Moneyfacts stars are a well deserved reward.
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