Skipton International Reserve Bond pays 3.00%

Skipton International Limited has launched a new 1 year International Reserve Bond paying 3.00% gross/AER per annum.

With a minimum deposit of just £10,000 and a maximum initial opening sum of £2 million, the account has been pitched to appeal to the widest possible audience. It is being offered on a strictly first come first served basis and the Bond will be withdrawn as soon as it has reached its funding limit.

The Bond also offers a monthly income facility paying an interest rate of 2.80% gross, 2.84% AER.

Annual interest will be paid on maturity on 30 April 2013. 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can be capitalised or paid away to an account of the customer’s choice, but additional funds cannot be added or withdrawn during the one year term. Upon maturity, the account reverts to a variable rate easy access structure. Full details of the account are available on the Skipton International website savings page.

Commenting on the new Bond, Managing Director Jim Coupe said, “This new bond meets a need for those customers seeking a known rate of return over 12 months against the background of uncertain interest rates generally in the market. We are now able to offer customers a comprehensive range of choice of deposit term, from easy access through 40, 80, 120, 180 day notice and now one and two year options.”

Skipton International Ltd is part of Skipton Building Society, the fourth largest in the UK with nearly £14 billion of assets.

For more information on Skipton International savings products, visit skiptoninternational.com.