Market leading offshore savings bond has been launched

Market leading offshore savings bond has been launched

21st September 2017

Skipton International (Skipton) have announced the launch of a further fixed rate savings bond, with a market-leading interest rate of 1.25% AER.

The one year fixed rate bond became available to all individual and corporate customers on 20 September and matures on 31 October 2018, paying annual interest on all balances between £10,000 and £5 million.

This new bond compliments Skipton’s existing three year fixed rate bond which matures on 30 September 2020 and offers customers a savings option that will earn them a competitive interest of 1.50% AER.

Earlier this year Skipton won the Moneyfacts Best Offshore Savings Provider 2017 – a recognition of the Guernsey regulated bank’s competitive rates and excellent customer service. This is the 4th time Skipton has won a Moneyfacts Award – one of the most prestigious awards in the finance industry.

The Moneyfacts Awards involve an independent assessment of personal finance products with input from IFAs. Skipton has been commended, highly commended or won an award for the past eight years.

Jim Coupe, Managing Director, Skipton International, said: “Competitive interest rates and great customer service are an important part of our offering. Skipton consistently offers leading market rates on offshore savings accounts for British expats and Crown Dependency residents, while our great customer service has also been independently recognised by Feefo, winning their Gold Trusted Service award.”

Skipton offers a range of offshore savings accounts including a 200-day notice account, paying 1.00% on balances over £10,000, and an easy access account paying 0.50% on balances over £10,000.