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Skipton’s top new offshore bond

Skipton’s top new offshore bond

Category: Offshore savings
Date: 16/12/2016

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 It is now over 6 months old so the content may be out of date.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 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 basics…

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 finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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