Skipton BS has increased the rate paid on its My Savings account, with interest guaranteed to remain 1.50% above the base rate until 31 January 2012.
The product now pays 2.50% (+0.25%) and the monthly option has also been increased.
This rate increase on the recently launched straightforward internet operated account is good news for investors.
Paying 2.50%, it improves its position within the highly competitive internet market and should prove popular with clients who are happy to transact online.
Four out of five Moneyfacts stars have been awarded.
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