Skipton Building Society refreshes savings range

Skipton Building Society has announced a re-fresh of its existing savings range, introducing a suite of competitive rates and products to its customers.

18 month fixed rate bond at 3.05%

As part of these changes, Skipton Building Society has launched a new 18 month fixed rate bond with a competitive rate of 3.05%. With a minimum balance of £500, the bond pays a consistent interest rate regardless of the amount of money invested. At maturity (28th March 2012), the bond will convert into Skipton's new ‘My Loyalty Saver'.

The ‘My Loyalty Saver' is an exclusive product designed for maturing bond customers who don't want to roll over into another bond, offering an instance access product at a competitive 2.25%. Unlike with many other maturity accounts, customers can keep their money in their ‘My Loyalty Saver' for as long as they want.

My Savings Range

Skipton Building Society is also increasing the rate of its newly launched goal-based ‘My Savings' range, increasing the rate from 2.25% to 2.5% across all accounts. In addition to the rate increase, Skipton has added a rate guarantee to range, guaranteeing that the ‘My Savings' rate will be at least 1.5% above base rate until 31 January 2012, offering customers an attractive option for their money.

Kris Brewster, Head of Products at Skipton Building Society, comments: "These changes to our savings range is a clear commitment from Skipton Building Society to deliver great returns to our customers. We believe our new savings range will offer not only attractive rates but also a fantastic rate guarantee for people looking for long-term returns on their money.

"At Skipton Building Society, we are aware that savers in particular have been hard hit by the low interest rate environment and our new range is a clear sign that we remain not only committed to the savings market but that we are also looking to offer highly competitive products to existing and new customers."