Skipton BS boosts bond rate | Product News - Moneyfacts

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Skipton BS boosts bond rate

Skipton BS boosts bond rate

Category: Savings
Date: 02/08/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A rate increase of 0.20% has helped push the 5 Year E-bond into the top ten of the long-term bond market.

The basics…

This five-year bond pays a competitive fixed rate of 2.60% on its anniversary. A gross monthly rate of 2.57% is also available.

The finer details….

Investments range between £500 and £1 million and further additions can be made whilst the issue is open.

Early access to funds is not allowed so savers must be willing to lock their money away for the duration of the five-year term.

The account is available to investors aged 16 and over and can be operated online only.

Why we like it….

This new look bond should appeal to savers who are committed to investing over a long period of time. The option to receive interest on a monthly basis should also appeal to savers looking to supplement their income with their funds. Four out of five Moneyfacts Stars have been awarded.

What next?

4 & 5 year fixed rate bonds
What is a savings bond?

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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