Last day for Skipton 3 Year 7%

edited 30 November -1 at 1:00AM in Savings & Investments
7 replies 980 views
baby_boomerbaby_boomer Forumite
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edited 30 November -1 at 1:00AM in Savings & Investments
If you've had your eye on any of the Skipton BS 7% Bonds then you need to act today, Saturday, as they are being withdrawn after closing time [and being reduced to 6.75% from Monday].

The 7% 3 Year Bond is the product which stands out for me.

In the wider market it is only just beaten by IceSave (7.06%) and FirstSave (7.10%)

Replies

  • isofaisofa Forumite
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    There isn't anything now listed on their website, can you add to it whilst it is open, or is it a fixed opening deposit only?

  • baby_boomerbaby_boomer Forumite
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    Doors are now closed, but in answer to your question it is possible to add to an initial investment on a Skipton bond until it is closed to new investors.
  • isofaisofa Forumite
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    Thanks b_b pity we missed out on that one, I think Skipton are excellent.

  • baby_boomerbaby_boomer Forumite
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    Agreed, isofa, but perhaps their variable rates will come under pressure when profits fall / ?losses appear? at Connells - which is why I go for fixed rates with them.

    I was late in replying because I was out at Skipton:

    a) adding to my 7% 3 Year Bond [now closed for new business] and
    b) opening a 6.5% Fixed Rate ISA which is still open for new business and also takes transfers in :).

    This ISA (fixed until December 2009) is the clear market leader according to Money£acts at both mutuals and Plcs.
  • moneylovermoneylover Forumite
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    you can still get a Kaupthing Edge 3 year fix at 7.67% and fully FSA authoriised - min investmnent is £1000.
  • YorkshireBoyYorkshireBoy Forumite
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    moneylover wrote: »
    you can still get a Kaupthing Edge 3 year fix at 7.67%
    7.67% is the gross rate, but maturity interest pulls the AER down to 7.15%.

    Still higher than Skipton, but best to compare like with like.
  • moneylovermoneylover Forumite
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    7.67% is the gross rate, but maturity interest pulls the AER down to 7.15%.

    Still higher than Skipton, but best to compare like with like.


    Yes, you are right and thats important, sorry! And you need to consider whether maturity interest might push you into the higher tax bracket if you are normally lower rate tax payer
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