Offshore savings Date:
Skipton International Ltd has re-launched into the offshore fixed rate savings market with two excellent bonds. The one and two-year accounts are market-leaders for their individual terms, and have therefore stormed straight into the top three of the fixed offshore Best Buy chart.
The one-year Fixed Rate Bond boasts a rate of 1.30% yearly to 18.09.17, while the two-year equivalent pays 1.40% to 18.09.18. Both also offer monthly versions paying slightly reduced rates (1.29% and 1.39% respectively).
Both bonds require a minimum investment of £10,000. Withdrawals and additions are not allowed. The accounts can be opened in branch or by post and are then operable via the same methods as well as by phone.
It should be noted that funds held in these accounts are protected under the Guernsey Depositors' Compensation Scheme, whereby the first £50,000 per person, per bank/building society, is covered.
These market-leading bonds will be attractive to short-term savers thanks to their highly competitive rates. As such, they rightly deserve their Moneyfacts rating and leading entries into the chart for their sector.
Moneyfacts rating: Excellent
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