Skipton International launches fixed rate bond paying 3.50%

Skipton International, the specialist Guernsey based savings and mortgages organisation, has launched a new fixed rate sterling account paying 3.50% gross per annum.

With a minimum deposit of just £10,000 and all balances earning the same high rate of return, the new Skipton International 2 Year Bond will appeal to a broad range of savers. As a result, the maximum balance allowed per customer has been set at £1,000,000, but larger sums may be accepted, subject to negotiation. This is a strictly limited offer account and once opened, additional funds cannot be added or withdrawn during the two year term.

Full details of the account are available on the Skipton International website at skiptoninternational.com/savings/productDetails/2yearInternationalBond.aspx.

Interest will be paid annually on 31 March 2011 and again a year later upon maturity of the account. Interest can be capitalised or paid away to an account of the customer’s choice.

Commenting on the new Bond, Commercial Director Jim Coupe said, “The new Skipton International 2 Year Bond offers a combination of an attractive interest rate which is fixed, so savers will know exactly how much they will receive on the two interest payment dates. We have designed the account to run over two years, as we believe this will offer a good balance between long term stability and ease of access to funds in the future.”

At the end of the two year term the account reverts to a variable rate no notice structure. Skipton International Ltd offers a range of sterling, euro and US dollar accounts and is part of Skipton Building Society, the fourth largest in the UK with over £15 billion of assets.

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