Skipton launch new market-leading savings bond

Skipton launch new market-leading savings bond

3rd January 2018

Due to the success of its last fixed rate bond, Skipton International (Skipton) is pleased to announce the introduction of a further bond with a market-leading interest rate. It’s new 15-month savings bond, which will mature on 1 April 2019, will provide customers with a competitive annual interest rate of 1.40% on all savings of £10,000 and above.

This new bond compliments Skipton’s existing 2 Year Fixed Rate Bond offering, which matures on 15 January 2020. The 2 Year Bond will provide savers with a highly competitive annual interest rate of 1.50%.

Jim Coupe, Managing Director, Skipton International said: As a small bank we are able to keep our costs down and in turn pass savings directly onto our customers. Our new bond is once again one of the most competitive on the market, an achievement we strive to maintain. Coupled with our award-winning customer service, Skipton remains the bank of choice when it comes to offshore savings.”

You can now save with Skipton through a range of offshore saving products, tailored to suit most requirements. Alongside its fixed rate bonds, Skipton offers a range of variable rate savings accounts providing customers competitive interest rates. It’s International Savings Access account offer customers flexibility in their savings with easy access to funds, whilst its 200-day notice account offers higher rates of interest of 1.25%.

These are exciting times for Skipton, who have recently invested £2.5 million in upgrading their banking platform, to provide customers with a more efficient and accessible banking service. The new system will enable Skipton to introduce online access for customers.