Skipton 120 Day Notice Account offers up to 2.50%

Skipton International, the Guernsey based savings and local mortgage specialist has launched a new 120 day notice account targeting both offshore individual savers and business deposit accounts with interest rates of up to 2.50% gross/AER. The International Premium 120 account offers two interest rate tiers, with balances from £10,000 to £99,999 earning 2.25% gross/AER and accounts with over £100,000 on deposit achieving the top interest rate of 2.50% gross/AER. Annual interest on both business and personal deposits is paid on 15 June.

Monthly income options are also available paying 2.00% gross monthly on balances up to £99,000 2.25% gross monthly on balances over £100,000. Monthly interest is paid on the 15th of each month.

Withdrawals for sums of £1000 or more are only permitted after 120 days’ notice has been given. The minimum deposit is £10,000 and the maximum investment allowed is £5 million.

Commenting on the latest addition to the Skipton International product range, managing director Jim Coupe said, “As well as our easy access accounts, we now offer savers a range of notice account options including 40, 90 and 120 days. With its annual and monthly interest options, this account will appeal to savers who are prepared to commit their capital for slightly longer in exchange for higher return.”

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

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