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Skipton launches 7-year online bond

Skipton launches 7-year online bond

Category: Savings
Date: 20/08/2013

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 It is now over 6 months old so the content may be out of date.

Skipton Building Society has launched an online version of its seven-year fixed rate bond paying 3.50% per year.

The basics…

The new Online Limited Edition 7 Year Fixed Rate Branch Bond pays 3.50% yearly or 3.45% monthly on a minimum investment of £500.

This savings bond can only be opened and operated over the internet.

The finer details….

The maximum investment limit is £10,000.

Savers must be able to invest all funds from the outset as further additions are only permitted whilst the issue remains open.

As is usual with fixed rate bonds, early access is not allowed.

Why we like it….

Less than a month ago Skipton BS became the first savings provider to launch a seven-year bond in as many years. Now it has further enhanced this inflation-busting savings account by offering an online-only version.

As its name suggests, this limited edition bond could be withdrawn at any time.

Four out of five Moneyfacts Stars have been awarded.

What Next?

Looking for the best savings rate? Use our Savings search tool

Compare the best available five year and over fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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