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Skipton launches fixed rate bond

Skipton Building Society has launched a fixed rate bond with an interest rate of 4.4 per cent gross per annum until March 1 2003.

The minimum required investment is £3,000 and the maximum is £1m.

Skipton says the limited issue bond is a straightforward account for investors and is suited to an economic environment where interest rates are at their lowest for several years.

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