Skipton launches market leading savings account

Skipton launches market leading savings account

26th February 2015

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 2.20% AER, and is fixed until May 31st, 2018.

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 3 year bond offers customers the certainty of a fixed rate and is ideal for those looking for a regular income from their savings.

Managing Director Jim Coupe said, ‘We pride ourselves on excellent customer service and transparent products, we also listen to our customers and this bond is to ensure we are offering competitive products in a challenging savings environment where interest rates remain at a record low of 0.5%’.

The account is available to private individuals, businesses, Trust Companies and Individual Pensions. Interest will be paid annually 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.