Skipton Christmas Regular Saver account

Skipton Building Society has this week launched an attractive Christmas Regular Saver account, giving people chance to earn a good rate of interest and avoid getting into debt over the Festive season.
 
The account, offering a market-leading 3.50%, is available via the Society’s national network of branches.
 
Key Product Details

Interest rate 3.50% gross p.a. AER (2012/13 version: 3.00%);

Monthly deposits of up to £250 (customers can vary their monthly amounts, so long as they don’t exceed £250 and maximum annual balance £3,000);

No withdrawals allowed, funds only available on closure of the account or on maturity, on midnight 28November 2014;

Funds mature into a suitable Skipton easy access account;

Interest payable on maturity on 28 November 2014.
 
Skipton’s Head of Products, Kris Brewster, said: “Christmas is a wonderful time, but it can also be a stressful one, especially for people with families who face the worry of paying for the growing cost of their festivities.
 
“With statistics suggesting that personal debt spirals at this time of year as a result, we think it’s important to offer people an alternative.
 
“By putting away what they can spare on a monthly basis, they can not only plan for a worry-free Christmas, but the interest they earn will help to add a little extra sparkle!”
 
Anyone wishing to find out more about Skipton's full range of savings accounts, which also include the My Savings instant access account enabling people to save towards their individual life goals and our popular Leap and Junior ISA accounts for children, can visit the Society's savings pages at skipton.co.uk.