New offshore bond leads the pack | Product News - Moneyfacts

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New offshore bond leads the pack

New offshore bond leads the pack

Category: Offshore savings
Date: 17/06/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Skipton International Ltd has introduced a one-year fixed offshore bond to the market and instantly secured it a coveted place on the charts thanks to its attention-grabbing rate and terms.

The basics…

1 Year Fixed Rate Bond pays a market-leading short-term rate of 1.40% yearly (1.39% monthly) until 30.6.17, which enables it to hold a strong place in the charts.

The finer details…

This account can be opened online, by phone, in branch or by post and then operated in the same way except online. An initial investment of at least £10,000 is required.

Neither additions nor early access to funds are allowed, so savers must ensure that they are happy with their initial deposit and the length of the term.

Why we like it…

Savers who already have a sizable pot to invest will welcome this new offshore account. It pays a market-leading rate for its term and also offers an appealing monthly interest option, which will suit those who wish to receive a regular income.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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