Skipton Building Society adds to fixed bonds range

A lender has launched a new fixed rate bonds package today (November 2nd).

Anyone interested in Skipton Building Society fixed rate bonds might be glad to note that the financier has today (November 2nd) introduced a new savings account to its range of fixed rate bonds.

The lender has launched a new 18-month package with a rate of 3.05 per cent, which, with its minimum balance of 500, is intended to appeal to a variety of people eager to put money away for their future.

After maturing in March 2012, the bond will automatically convert into Skipton's instant access My Loyalty Saver account, which has a rate of 2.25 per cent. Once customers have reached this stage of the package, they are able to store cash in the account for as long as they want.

Kris Brewster, head of products at the financier, said that these products offer both "attractive rates" and a "fantastic rate guarantee".

This follows on from the lender introducing several fixed bonds products - with periods varying from six months to five years - in October.

Meanwhile, anyone seeking the opportunity to compare savings on products such as ISAs in the near future might be interested in a new package being launched by one financier.

The Cheshire Building Society yesterday (November 1st) announced the introduction of a new 30-day notice savings account, which offers a gross annual equivalent rate of 2.6 per cent, including an additional one per cent bonus for 12 months with a balance of at least 1,000.

However, for those with a little extra to put aside for the future, there is no limit on further deposits into the postal account up to a value if 2 million.

This new package has been designed specifically to give savers "a great rate of return on their money whilst offering them the flexibility to increase their savings", while customers can also make up to four withdrawals annually with a notice period of 30 days each time.

Skipton Building Society adds to fixed bonds range

By: Sam Gooch

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