Skipton Building Society has unveiled a new one-year regular savings account, which has soared straight into the Moneyfacts charts thanks to its attractive rate and terms.
1 Year Regular Saver pays a competitive fixed rate of 2.25% for one year, earning it a place among the top 10 accounts of its sector.
This account can be opened and operated in branch, by phone, by post and online with a minimum investment of just £1. Savers should note that a maximum overall investment limit of £3,000 is in place.
Monthly contributions of up to £250 are permitted, but payments can be missed if desired. Savers can also amend the amounts paid in at any time, and unused allowance can be carried over. Unlimited additions can also be made at any time, giving savers the height of flexibility.
However, early access to funds is only possible upon closure of the account, so savers must ensure that they are happy to lock their money away for the full length of the one-year term.
Savers who are looking to kick-start the saving habit will be delighted by this new launch. This account offers savers an enticing rate, as well as a great deal of flexibility in terms of the number and size of contributions. As a result, it fully deserves its place on the charts.
Moneyfacts rating: Excellent
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