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Skipton Guernsey offers new tiered interest fixed rate bond

Skipton Guernsey Limited is offering a tiered interest fixed rate bond that it believes will give investors a competitive choice.

The tiered interest fixed rate one-year bond is offering customers 4.90 per cent gross on balances from 15,000 to 49,999, 4.95 per cent gross on 50,000 to 499,999 and 5 per cent gross on balances from 500,000 to 1m.

The bond matures on April 27 2006, and is also open to Guernsey residents on a first come first served basis.

SGL manager, investments Ken Jones says: We recognise that investors with larger balances will appreciate the higher rate that a tiered interest rate structure can provide. All investments into this bond will earn a competitive fixed rate of interest with the rate guaranteed not to change once the account has been opened.

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