Skipton launches principal protected play

Skipton Building Society has launched its Double Guaranteed Asset Bond, which is designed to provide exposure to the FTSE 100 index.

The 100% principal protected trade comprises two bonds. One third of the original capital is invested in a one-year fixed rate bond with a guaranteed interest rate of 5.25%. The remaining capital is invested in an FTSE-linked bond which aims to provide 100% of the index performance subject to a cap of 40%. The final value of the index level is subject to monthly averaging in the final year of the trade. The minimum investment is £3,000.

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