Skipton brings out a bond

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The Independent Online
SKIPTON Building Society has introduced a fixed rate bond paying 8.25 per cent gross over three years. Interest is paid annually. No withdrawals may be made in the first two years and will be subject to a 4 per cent penalty thereafter.

Leeds & Holbeck Building Society is launching a new three-year investment bond offering three options to savers. If interest is taken monthly, gross interest payable is 8 per cent, rising to 8.25 if taken annually.

Norwich Union is offering a with-profits bond to savers with pounds 5,000 or more. The bond currently pays a 7 per cent bonus rate to investors.

----------------------------------------------------------------- SIX OF THE BEST ----------------------------------------------------------------- Savings Type Account Term *0% *25% *40% Min GIB Eurolife 5 years 7.60 7.60 6.46 pounds 10,000 B Soc Nottingham Instant 6.50 4.88 3.90 pounds 25,000 Tessa Market Harborough 5 years 7.60 7.60 7.60 pounds 9.000 *Compounded annual rate except for GIB (guaranteed income bond) ----------------------------------------------------------------- Source: Chase De Vere 071-404 5766 ----------------------------------------------------------------- Mortgages Type Source Deal Variable Northern Rock* 2.49% discounted rate on 90% loans Fixed National & Provincial 8.35% 1.8.99 on 90% loans fee pounds 250 Capped Royal Bank of Scotland 8.99% for 5 yrs on 95% loans ----------------------------------------------------------------- *completion fee pounds 225 Source: John Charcol 071-611 7000 -----------------------------------------------------------------

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