Skipton Building Society has launched an online version of its seven-year fixed rate bond paying 3.50% per year.
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 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.
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As its name suggests, this limited edition bond could be withdrawn at any time.
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