3-yr offshore bond gets ‘excellent’ review | Product News - Moneyfacts

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3-yr offshore bond gets ‘excellent’ review

3-yr offshore bond gets ‘excellent’ review

Category: Savings
Date: 26/02/2015

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 It is now over 6 months old so the content may be out of date.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 has released a new issue of its highly competitive three-year offshore fixed rate bond, affirming its place at the top of the Moneyfacts charts.

The basics…

Fixed Rate Bond has a market-leading rate of 2.20% yearly until 31.05.18, allowing it to sit right at the top of its sector.

The finer details…

This account can be opened and operated by post or phone with an initial investment of at least £10,000.

Like many fixed rate deals, this account does not allow further additions or early access to funds, so savers must be entirely comfortable with the amount they invest and the length of the term.

The first £50,000 of investment is protected by The Guernsey Depositor's Compensation Scheme.

Why we like it…

This bond offers a market-leading rate, which is sure to make many savers stand to attention. Meanwhile, the protection offered by the compensation scheme is an added bonus, giving investors greater confidence. However, savers must remember that further additions and early access to funds are not permitted, so they must be completely comfortable with their investment from the beginning.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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