Skipton Building Society has launched new issues of its Pick N Fix bond online, paying a rate of 6.50% gross pa, and a monthly income option at 6.25% gross pa.

The society has said that these rates replace any previously available, and that the existing customers are not affected.

Minimum investment required for the online Pick N Fix range of fixed rate bonds is GBP500, while the maximum investment is GBP250,000. Customers can open more than one bond, however, the total investment cannot exceed the maximum limit.