Boost for savers as Skipton increases rates on its three year bonds

Skipton Building Society has launched a new Fixed Rate and E-Bond range which sees rates increase on its three year products.

The Society’s three-year Fixed Rate Bond will increase to 2.15% (from 2.00%) for people investing between £500 and £24,999. Its three-year E-Bond will increase to 2.20% (from 2.05%). All other rates on the popular range remain unchanged and continue to offer savers good value for money.
 
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The Society's Fixed Rate and E-Bonds offer customers the chance to benefit from competitive returns over terms of one, two, three 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).

Kris Brewster, Skipton’s Head of Products, said: “Skipton’s range of bonds continue to be a popular choice for our customers. The impact of a prolonged low Bank of England base rate environment means savers are continually looking for better rates and we are delighted to offer increased interest rates on our popular three year bonds. We also continue to focus on offering competitive longer term fixed rates, including our five year Bond which offers 3%.”
 
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.