Offshore savings Date:
Skipton International Ltd has replaced selected offshore accounts, which sees its new two-year fixed savings bond take the number one spot in the Best Buy chart for its sector, as well as earning a high Moneyfacts rating.
The Fixed Rate Bond boasts a rate of 1.75% yearly to 15.01.19, which is the highest rate currently available on fixed offshore savings accounts, making it the market-leader for its terms.
The bond requires a minimum investment of £10,000. As is common in this sector, withdrawals and additions are not allowed. The account can be opened in branch or by post and is then operable via the same methods as well as by phone.
It should be noted that funds held in this account are protected under the Guernsey Depositors' Compensation Scheme, whereby the first £50,000 per person, per bank/building society, is covered.
This market-leading bond will be attractive to savers with a decent stash of cash who are disappointed by the 'onshore' savings rates currently available. As such, it rightly deserves its Moneyfacts rating and number one position in the chart.
Moneyfacts rating: Excellent
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