Competitive savings from Skipton BS | Product News - Moneyfacts

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Competitive savings from Skipton BS

Competitive savings from Skipton BS

Category: Savings
Date: 15/01/2014

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 It is now over 6 months old so the content may be out of date.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 BS has reviewed its savings range and has amended rates by up to 0.05%, with standout products now including its 1 Year Fixed E-Bond and Online 5 Year Fixed Rate Cash ISA.

The basics…

Skipton's one-year e-bond has enjoyed a rate increase of 0.05% AER and now pays 1.60% yearly (a monthly option is also available paying 1.59%).

Meanwhile, customers willing to lock their money away for five years can earn a leading rate of 3.00% yearly (or 2.96% monthly), fixed to 13.2.19.

The finer details…

Both accounts must be opened and operated online.

The ISA can be opened with a minimum investment of £500 and allows transfers in and further additions. However, early access to funds will result in closure of the account and 240 days' loss of interest.

Why we like it…

This review from Skipton BS means these standout products now offer highly competitive rates for both short and longer terms, while the five-year ISA sits just below the market-leader in its sector and remains a Moneyfacts best buy.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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