Skipton adds to savings range for savers wanting to lock in money

Skipton Building Society has launched a new Fixed Rate Bond range, with rates paying up to 2.25%. The Society has also launched a range of branch and online Fixed Rate ISAs, paying up to 2.20%.
 
The Society's fixed rate branch and E-Bonds offer customers the chance to benefit from competitive returns over terms of two or five years. The minimum investment for each account is £500, up to a maximum of £1,000,000 (or £2,000,000 for joint accounts). Full details of Skipton's new Fixed Rate Bond range are:

Invest up to £1,000,000 (£2,000,000 for joint applications) - minimum balance of £500 by cash (branch only) debit card, cheque or internal transfer from another Skipton Building Society account;

Know your savings are working hard with interest calculated daily and paid annually or monthly;

Make additional investments into your bond until it becomes a closed issue, which may be at any time and without notice;

No withdrawals allowed until maturity.

Skipton's new Fixed Rate ISAs are an ideal way to stop the taxman eating away at your savings. Full details of Skipton's new Fixed Rate ISA range are:

A minimum opening balance of just £500 by cash (branch only), debit card, cheque, internal transfer from another Skipton Building Society non ISA account or ISA transfer from another provider;

Once opened, provided you have not already subscribed to another cash ISA in the current tax year, you can invest your 2013/2014 tax year allowance of £5,760 until the product becomes closed to investments which may be at any time and without notice;

Subsequent payments into your account can be made by cash (branch only), debit card, cheque, internal transfer from an existing Skipton Building Society non ISA account or electronic payment from another bank or building society;

Full balance withdrawals, including transfers to other ISA managers, and subsequent closure of your account can be made subject to the loss of 180 days (240 days for the 5 Year term) interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account. This means that you may get back less than you paid in;

Partial withdrawals and transfers out are not permitted.

The bonds and fixed rate ISAs reflect the Society's commitment to offering consistent, long term good value products with exceptional customer service. And the combination of simplicity and attractive fixed rates means customers can invest their money with confidence.
 
Skipton's Head of Products, Kris Brewster, said: "Our Bonds and Fixed Rate ISAs are a consistently popular choice for our customers, who appreciate the combination of simplicity and competitive rates. These accounts offer customers the chance to squirrel some money away for a set period of time, and with the added incentive of saving tax free if customers opt for our ISA."
 
Anyone wishing to find out more about Skipton's full range of savings accounts can visit the Society's savings pages on skipton.co.uk.