Offshore savings Date:
Skipton International Ltd has increased the rate paid on its three-year fixed offshore bond by 0.25%, catapulting it into a market-leading position in the Moneyfacts charts.
The three-year version of Fixed Rate Bond now pays 2.25% yearly (2.23% monthly), a market-leading rate in its sector.
This bond can be opened in branch and by post and then operated in the same way as well as by phone. A minimum investment of £10,000 is required.
Further additions are not welcome once the account has been opened and it is not possible to withdraw funds prior to maturity. Savers must therefore be happy to lock their money away for the full term.
The rate increase to this bond is sure to interest offshore savers as it now tops the charts. The fact that it also offers a monthly interest option adds a degree of flexibility and will appeal to those looking to secure a regular income. However, the lack of early access means that this bond will best suit those who are comfortable locking their savings away for the duration.
Moneyfacts rating: Excellent
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