Guaranteed Double Asset Bond through
Skipton Building Society
Skipton Building Society
CharltonOnLine.com
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Basically, you decide on the amount of money you wish to place in the bond. As the bond is in two parts, one third of this money will be placed in the fixed high interest section for 1 year and will attract a high fixed interest rate of 5.75% per annum for that year. At the end of that year, this section of the bond is complete and your capital plus interest is returned to you. The remaining two thirds of the capital is set aside and will grow by the amount the Footse 100 index increases between the bond starting date and the bond ending date, a period of approximately 5 years and 6 months. Note, to protect against fluctuations in the Footsie 100 index, just prior to the bond maturing, the final reading will be taken as the arithmetic average during the final 12 months. At the end of the term, you will receive back 100% of your capital plus 100% of the percentage growth in the Footsie 100 index as described above, up to a capped limit of 60%. This allows you access to the high potential growth associated with the stockmarket without having any of the normal associated risks. Remember, your original capital is always guaranteed.
Will writing service
None of the information on this website is intended to promote any specific mortgage product or provide mortgage advice.
CharltonOnLine.com is a trading name of Charlton Marketing and Development Ltd.
CharltonOnLine.com is a trading name of Charlton Marketing and Development Ltd.
Your home may be re-possessed if you do not keep up repayments on your mortgage.
Because this is simply a Building Society savings account and not a Stockmarket investment, the funds will always remain with Skipton and will never be exposed to the stockmarket. Also, as this is a Building Society savings account, your capital is fully covered by the Financial Services Compensation scheme, up to £50,000 for a single applicant and up to £100,000 where there is a joint application.
What makes this safe
How the Bond works
Terms Explained
Application Form
In response to this situation, Skipton Building Society has designed this high interest savings bond to address this specific situation and is making it available to private individuals through Skipton's Intermediaries, such as Charlton Financial Services Ltd. Because of its nature, this high interest savings product is being made available on a limited offer basis and will be closed when it reaches the set funding level. Full details may be seen by clicking on the "Terms Explained" button at the top of this page. Examples of how it works are explained below and on the following pages.
Bond Description Page:
Declaration Form
1
Many of our clients, their parents and grandparents, are finding their savings being affected by the recent Bank of England base rate cuts and are looking to find somewhere to put their savings that is safe, yet offers the potential for a good rate of return.
Non Tax Payer Form
Warning: Charlton accepts no responsibility for the accuracy of the Forms and Guides prepared by Skipton and attached to this site.
Email: charltonltd@charltonfs.com