Skipton International simplifies offshore savings range

10th January 2012

Skipton International has announced the introduction of new 40 and 80 day notice accounts, the International Select 40 and 80 offshore accounts and at the same time withdrawn its Premium 40 and 90 products. Its 120 day notice account has also been replaced with the identical International Select 120 day account. Skipton International also offers their International Select 180 account paying up to 2.75% gross/AER interest.

The changes are designed to bring balance and clarity to their offshore savings accounts, three of which currently feature as "Best Buys" within various Moneyfacts "Best Buy" tables for both expatriate and local Channel Islands savers.

The changes mean that savers who are looking to increase the return on their investments do not have to commit to such a long notice period to access higher interest rates. Previously, those trading up from a 40 day notice period had to select a 90 day notice as the next step up, a jump of 50 days. The new International Select 80 account means this gap is now a more manageable 40 days.