New 2 Year Bond paying 3.25% AER
Skipton International Limited has launched a second edition of its popular two year fixed rate sterling account paying 3.25% gross/AER per annum.
With a minimum deposit of just £10,000 and all balances earning the same high rate of return, the offshore account is expected to be very popular, so is being offered on a strictly first come first served basis and the Bond will be withdrawn as soon as it has reached its allocation.
Interest will be paid annually on 31 May 2011 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can be capitalised or paid away to an account of the customer?s choice, but additional funds cannot be added or withdrawn during the two year term.
Commenting on the new Bond, Commercial Director Jim Coupe said, "We are witnessing continued and strong demand for shorter term fixed rate savings accounts which give savers a known return, backed by the security of a major local savings specialist. Our latest Skipton International 2 Year Bond offers a combination of an attractive interest rates, long term stability and access to your savings in just 24 months time."
At the end of the two year term the account reverts to a variable rate no notice structure.