Skipton Building Society has delivered savers an early Christmas present with the launch of some new savings accounts.
Its limited edition Christmas Bond pays 3.00% to sit just below the best short term bond products currently available.
As with most fixed rate bonds, no earlier access to funds is permitted, so savers will need to be certain they can commit their money for the full term of one year.
Meanwhile, its new Regular Saver account paying a variable rate of 5.00% is designed especially for savers looking to put money away either for next Christmas or for a forthcoming special occasion.
Again, no access to funds is permitted, with earlier access to money only available on closure of the account.
As a one year term regular savings account, it requires a minimum investment of £10 per month (maximum £500 per month).
Payments are able to be amended each month within the minimum and maximum monthly amounts, but twelve consecutive payments must be made.
Two cracking early Christmas gifts, these accounts earn four out of five Moneyfacts stars.
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