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Skipton bond gives minimum return of 22% over five years

Skipton Building Society is offering a five-year guaranteed growth bond with minimum growth of 22 per cent and potential growth of up to 50 per cent.

The bond tracks the FTSE 100, S&P 500 and Dow Jones Eurostoxx 50 indices. Growth of 22 per cent is guaranteed irrespective of changing financial or economic circumstances.

Investors receive a return of 8 per cent for every year that all three indices increase on the previous 12 months and an additional 10 per cent bonus if all the indices increase in every one of the five years. This means there is a potential growth rate of up to 50 per cent over five years if all three indices increase each year.

The indices will be measured from close of business on March 5 and each year until maturity on March 5, 2007. The bond is open until February 18. Minimum investment is £2,000 and maximum £50,000.

Head of corporate communications Mark Smitheringale says: “This bond offers the investor a maximum growth potential of up to 50 per cent plus full protection of their initial capital invested combined with an absolute guaranteed growth of 22 per cent as a minimum.

“This is a great opportunity for investors to achieve the type of return usually only associated with a stockmarket investment.”

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