Skipton increases rates on fixed rate savings bond range
Skipton Building Society is today launching a new suite of fixed rate bonds which offer even better value for savers.
Launching today, the new range of bonds replaces the Society's already competitive, tiered fixed rate range, with rates on some bonds increasing by up to 0.40%.
Kris Brewster, Skipton's Head of Products, said: "Our fixed rate bonds consistently rank among the most competitive available and we are delighted to be able to reward savers even more with a rate increase on our shorter term products, while continuing to offer excellent value across our bond range."
The new bonds are just the latest competitive products launched by Skipton so far this New Year, to encourage and reward people for developing the saving habit. The Society has also added a My New Year's Resolution Saver to its innovative My Savings goal-based account range for a limited time. This offering combines an attractive interest rate of 2.50% with easy access AND the encouragement people need to keep what they are saving up for very much in mind. It means that there are now 13 accounts in the My Savings range - including everything from a ‘My Bills Saver' to a ‘My Retirement Saver' and, for those looking forward to a warmer time of year, a ‘My Holiday Saver'. The My New Year's Resolution Saver replaces the limited edition My Christmas Saver which Skipton launched at the end of November to help people start putting away some cash towards Christmas 2012.
All of these latest products complement the wide variety of other good value savings accounts Skipton has to offer, including some of the most competitive ISAs and bonds, such as a new Limited Edition 2 Year Tracker Bond which offers a rate of Bank Base Rate plus 2.70% p.a. AER (currently 3.20%), with the added benefit that it will track any increases in the Base Rate over the product term. The Society was also among the first providers to offer the new government-backed Junior ISA.
Anyone wishing to find out more about Skipton's new My New Year's Resolution Saver account can visit the Society's savings pages at skipton.co.uk.