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Skipton launches three year fixed rate bond

Skipton Building Society is offering a three year fixed rate bond, paying an interest rate of 5.75 per cent.

Minimum investment is £3,000, although additional investments of a minimum £500 by cash are allowed for a limited period. Maximum investment is £1m.

Skipton head of corporate communications Mark Smitheringale says: “When developing their own individual investment portfolio, customers should look closely at the advantages of including this type of bond. It does what it says on the tin, thereby offering longer term reassurance at a time of uncertainty.”

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