Up to 2.75% AER for two Fixed Rate Bonds

16th November 2009

Two new fixed rate bonds have been launched by Skipton International offering customers competitive rates of interest over six and twelve month terms.

With a minimum deposit of £10,000, both Bonds offer a choice of annual or monthly interest. The 6 Month International Reserve Bond pays an equivalent fixed annual interest rate of 2.51% gross/AER or 2.40% gross monthly (2.43% AER) and matures on 31 July 2010.

The 1 Year International Reserve Bond matures on 31 January 2011 and pays a fixed annual interest of 2.75% gross (2.74% AER) or a monthly income of 2.65% gross (2.68% AER).

Interest can be added to the opening balance or paid away to a separate account. In both cases the maximum deposit is £5 million. No access to funds is allowed once the account is open.

Commenting on the two new Bonds, Skipton international commercial director Jim Coupe said, "Our customer feedback tells us that there is a strong need for simple to follow short term offshore savings accounts in the current market. This account meets that customer need - it pays an attractive fixed rate of interest and customers have a choice of a six or twelve month period for their investment."

Skipton International Ltd offers a range of sterling, euro and US dollar accounts and is part of Skipton Building Society, the fifth largest in the UK with over £15 billion assets.