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Skipton Building Society launches growth bond

Skipton Building Society is relaunching its two-year growth bond offering up to 20 per cent growth over the term.


The bond guarantees to return the investors initial capital in full, while providing the potential for capital growth linked to the performance of the FTSE 100 stockmarket index.


For every 1 per cent rise in the FTSE 100 index investors will receive a 1 per cent return, subject to an overall maximum of 20 per cent.


Skipton&#39s head of corporate communications Mark Smitheringale says: &#34Unlike investing directly in the stockmarket, there is no risk to the initial investment and no dealing costs, so it is ideal for the prudent investor at this time of low interest rates.&#34

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