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Skipton International Limited is offering a six month bond paying 2.26% AER or 2.17% AER as a monthly income option. As you may know if you have been trying to invest your money for any decent return, this is a pretty great rate.
The bond matures on 30 November 2010 and it is a limited edition issue which will be withdrawn when fully subscribed, so savers are advised to move quickly. The minimum deposit is GBP10,000, whilst the maximum is GBP5m. No withdrawals are allowed during the fixed rate term. It seems to good to be true during these trying economic times, however, the company has verified its offer.
Jim Coupe, commercial director, Skipton International Limited comments, “In response to client demand, we are pleased to be offering this competitive fixed rate bond. With the backing of our parent, Skipton Building Society, the fourth largest in the UK, this account provides both safety and security, giving savers a known return over the next six months, whatever happens in the markets.”
