Skipton makes saving for children even more rewarding

Skipton are building on their strong track record for children's savings by launching a new issue of the Leap account.

The Skipton Leap Account Issue 2 (12 month bonus) includes a 0.50% bonus for the first 12 months, taking the rate to 2.75% p.a. AER (2.25% p.a. AER without bonus).

Kris Brewster, Head of Products, said: "As a mutual building society, we are passionate about helping people to manage their finances responsibly and save.

"Saving for our children's futures is one of the most important aspects of managing our finances responsibly and that's why we take having a strong children's account offering very seriously indeed, as our way of encouraging people to do so.

"Our Leap children's account has been a big hit for some time but we're always looking to review and refresh our products where appropriate and we saw an opportunity to offer something a bit different, with the added incentive of a first-year bonus for parents and children who are prepared to commit their new account for at least that length of time. And once the 12 months has expired, they can be confident of continuing to receive an attractive rate thereafter, currently 2.25% p.a. AER.

"All of our Leap offerings compare very well with similar products from our competitors and, we hope, will help parents and guardians to put away tidy nest eggs to set their offspring on the right path, whether their future aspirations be attending university, purchasing their first home or something different."

For more information, visit skipton.co.uk.