Skipton International Launches new 2 Year Bond paying 3.50% AER

20th March 2012
  • New 2 year fixed rate sterling offshore savings account
  • Earn 3.50% AER
  • Limited edition, will be withdrawn when allocation complete

Skipton International Limited has launched a second issue of its popular 2 year International Reserve Bond paying 3.50% gross/AER per annum.

With a minimum deposit of just £10,000 and all balances earning the same high rate of return, the account is expected to be very popular. It is being offered on a strictly first come first served basis and the Bond will be withdrawn as soon as it has reached its funding limit.

The Bond also offers a monthly income facility paying an interest rate of 3.30% gross, 3.35% AER

Interest will be paid annually on 31 March, with the first payment being made on 31 March 2013 and again a year later upon maturity of the account. Interest can be capitalised or paid away to an account of the customer's choice, but additional funds cannot be added or withdrawn during the two year term. At the end of the two year term the account reverts to a variable rate easy access structure.

Commenting on the new Bond, Managing Director Jim Coupe said, "With interest rate forecasts still hard to call at present, we believe the offer of an attractive, guaranteed interest rate of 3.50% AER over two years will provide savers with stability and certainty, as well as offering income seekers a new alternative. Our latest Skipton International 2 Year Bond complements our extensive range of easy access and notice accounts, such that savers can now choose from easy access through 40, 80, 120 and 180 day notice options as well as our latest 2 year bond."