Skipton International 2 year bond paying 3.25%

Skipton International Limited has launched a seventh edition of its popular two year fixed rate sterling account paying 3.25% gross/AER per annum.

With a minimum deposit of just £10,000 and all balances earning the same high rate of return, the account is expected to be very popular. It is being offered on a strictly first come first served basis and the Bond will be withdrawn as soon as it has reached its funding limit.

Interest will be paid annually on 30 June, with the first payment being made on 30 June 2012 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can be capitalised or paid away to an account of the customer’s choice, but additional funds cannot be added or withdrawn during the two year term. At the end of the two year term the account reverts to a variable rate no notice structure. Full details of the account are available on the Skipton International website savings section

Commenting on the new Bond, Managing Director Jim Coupe said, “With interest rate forecasts proving difficult to judge at present, we believe the offer of an attractive, guaranteed interest rate of 3.25% AER over two years will provide savers with stability, certainty and also a good basis for creating a supplementary income stream. Our latest Skipton International 2 Year Bond offers payment of interest annually and access to your savings in just 24 months time.”