It is the eleventh edition of the bond, according to Skipton International, which said it is offering it “on a strictly first come, first served basis”, and that the bond will be withdrawn from the market as soon as it has reached its funding limit.
The minimum deposit is £10,000 and maximum investment is £2m, but all balances will earn the same rate, a feature the bank said was expected to appeal to investors.
In addition to the 12-month bond, there is a monthly interest option, which pays 2.86% gross per annum.
Interest will be paid on maturity on 30 Sept, 2013, or on the last day of each month for monthly income customers.
Skipton International said the bond was suitable for individual investors as well as businesses, trust companies and individual pension plans.
Further information on the Skipton International bond may be found on the company’s website, by clicking here.
Based in Skipton, North Yorkshire, Skipton Building Society is the UK’s fourth-largest building society, with more than £14bn in assets.
Skipton International is a participant in Guernsey’s Banking Deposit Compensation Scheme, which covers deposits of up to £50,000.
