Skipton’s Christmas account is saver’s little helper

Nearly 10,000 people will find it easier to pay for Christmas this year because they opened a Christmas Saver Account with Skipton Building Society.

Now many more people can join them, with the launch of the Society’s Christmas Saver for 2008. The branch-based account offers the chance for regular savers to get a great rate of 7.55%, with access to funds from 25 November 2008.

Steve Aldous, general manager at Skipton Building Society, commented, “Christmas is becoming increasingly expensive and some surveys are showing the UK’s set to spend over £400 this year on presents alone. Add to that other costs – food, drink, petrol for visiting the relatives – and the bill can easily top £1,000. But with the help of our Christmas Saver, people can save a little each month and avoid adding a financial headache to their new year hangover. This account has been a phenomenal success in 2007 and the discipline of only having access to your money from 25 November onwards means our savers really will be having a merrier Christmas.”

Key Features – Christmas Saver

Variable interest rate of 7.55%
Available through Skipton’s 79 branches across the UK and Skipton Direct
Monthly investments to be made by cash, cheque, internal transfer from another Skipton account or by bank standing order
Minimum opening investment £10, maximum opening investment £250
Minimum monthly investment £10, maximum monthly investment £250
Maximum total investment £3,250 per annum
Withdrawals not allowed from date of opening until midnight 24 November 2008, when the account will default to our Instant Access Account for the customer to access their funds