18 Month Savings Product
Beat the record low interest rates with the new Skipton International 18 month Fixed Rate Bond
Award winning Guernsey bank, Skipton International has today launched a new market leading fixed interest bond. The bond will pay an annual gross interest rate of 1.76% / 1.75% AER, and is fixed until October 15th, 2016.
Skipton is a leading offshore bank with customers in over 100 countries. They offer a range of offshore savings products with monthly or annual interest options, as well as British expat mortgages. The new 18 month bond offers customers the certainty of a fixed rate and regular income from their offshore savings without tying themselves in for a long period amid expectations of slowly rising interest rates.
Managing Director Jim Coupe said, ‘Interest rates are still at record lows, and there was even talk last week of a further reduction. It means our 18 month bond is a very competitive and attractive product for people looking to get a return on their hard earned savings over the next year and a half, while we wait and see what the Bank of England do next.’
The account is available to private individuals, businesses, Trust Companies and Individual Pensions. Interest will be paid monthly or upon maturity on a minimum investment of £10,000 and a maximum of £5 million. Customers should be advised there is no early access available with this account and it must be held until maturity.
Skipton has won or been commended in the Moneyfacts Best Offshore Account provider category for the last three years.
Skipton is based in Guernsey, the Channel Islands, a leading global financial centre with the highest regulation.