Skipton gets ISA savers in a fix

Savers can lock their Individual Savings Account (ISA) into a market leading rate of 6.26% as Skipton Building Society launches its Fixed Rate Cash ISA.

The one year limited edition account will be available from today but will disappear as soon as maximum funds have been received.

Steve Aldous, general manager, said, “Interest rates are turbulent at the moment, so what better way for savers to weather the financial storm than fixing the rate on their ISA. By taking out our Fixed Rate Cash ISA investors are not only guaranteeing a great return, they also won’t find themselves missing the boat if rates drop again.”

Available to individuals aged 16 and over that are UK residents who have not subscribed to another cash ISA in that tax year not have exceeded the overall allowance at £7,200 if monies also invested in a stocks and shares ISA.

Fixed interest rate of 6.26% gross pa from 7 April 2008 to 5 April 2009
Minimum investment of £50, maximum investment £3,600 – by cheque or transfer only
Additional investments allowed until the ISA becomes a closed issue, by cheque or transfer only
Transfers from other ISA providers not allowed

Application forms available through the Society’s 82 branches, or via skipton.co.uk.