Skipton's new 5-year ISA - something to help put a spring in your step

The weather might not have improved much this month, but Skipton Building Society is helping lift spirits by launching a new 5-Year Fixed Rate ISA paying 3.00%.

The 3.00% rate is tax free and will be available online and via the Society's network of over 100 branches nationally from tomorrow, Thursday 28 March.
 
This new competitive offering is backed by Skipton's strong record for outstanding, personalised service.
 
Product features:

A minimum opening balance of £500;

Once opened, you can invest your 2012/2013 tax year allowance of £5,640 AND 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;

Transfers in from other cash ISAs are allowed;

Full balance withdrawals, including transfers to other ISA managers, and subsequent closure of your account can be made subject to the loss of 240 days interest - no partial withdrawals and transfers out are allowed;

Choice of annual or monthly interest options.
 
This latest offering complements the wide variety of other good value tax free savings accounts the Society has available, including one, two and three year fixed rate ISAs. Skipton was also among the first providers to offer the government-backed Junior ISA, with a no-strings account which pays 3.02%.
 
Anyone wishing to find out more about any of the Society's products can visit the Society's savings pages at skipton.co.uk.
 
Kris Brewster, Skipton's Head of Products, said: "It's so important that people really make the most of their tax free savings allowance. This new addition to our ISA range means we've got a suite of competitive products to cater for all savings preferences.
 
"ISAs are such a fundamental part of any savings portfolio, because of their tax advantages. So the benefit of having an account that does exactly what it says on the tin, coupled with our excellent track record of outstanding service, gives great choice for people seeking a rewarding home for their savings before the 5 April deadline."