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Skipton increases rate on fixed rate bond

Skipton Building Society is increasing the interest rate by 0.25 per cent on its new fixed rate bond issue, fixed at 5.75 per cent until September 2002. Minimum investment is £3,000, with a maximum of £10,000.

Skipton head of corporate communications Mark Smitheringale says: “This fixed rate bond is a straightforward account, which guarantees investors a fantastic return of 5.75per cent at a time when interest rates are at their lowest for may years. I expect this bond to be very popular.”

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