Skipton Building Society launches new fixed bonds deal

Skipton Building Society launches new fixed bonds deal

A lender has launched a new fixed bonds product.

Anyone thinking about taking out Skipton Building Society fixed rate bonds may be interested in a savings account now being offered by the financier.

The lender has announced that it is to launch a new fixed rate bonds deal called the 1 Year E-Bond Issue 2 offering a rate of 3.15 per cent, a figure which may appeal to those wishing to make the most of their money following the recession.

This product has been designed to supersede the company's Limited Edition 1 Year E-Bond and, like its predecessor, gives savers the opportunity to store between 500 and 1,000,000 in the account.

Kris Brewster, head of products at Skipton, commented that this previous package had proved "incredibly popular", but now needs to be replaced due to its "limited tranche available" to consumers.

This comes after the financier last week announced the launch of a new range of ISAs, including one and five-year products.

Meanwhile, Norwich and Peterborough Building Society has announced the launch of a new savings account.

This development - which was revealed today (November 12th) - may be of note to anyone who has been looking to compare savings on products such as fixed bonds in the recent past, as the financier's fourth version of its E-saver package has a variable interest rate of 2.80 per cent.

In addition, the lender is also offering a gross annual equivalent bonus of 1.60 per cent, which will be awarded to the customer on the first anniversary of the deal being taken out.

Gary Lacey, savings product manager at Norwich and Peterborough, commented the product represents a "great savings account for people who are looking to make their money work hard for them".

Meanwhile, the deal may be of particular interest to older people, as Ed Bowsher of Lovemoney.com believes this cross-section of society will curb their spending habits before other groups.

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