An increase in their rate of 0.25% sees the Skipton BS Five Year Fixed Rate ISAs climb towards the top of the long-term ISA chart.
Both the Five Year Fixed Rate ISA and its online equivalent are now paying 3.00% yearly (2.96% monthly) to savers with the necessary minimum deposit of £500.
The non-internet version of the bond must be opened in branch, but can then be operated either in branch or over the phone. Both versions of the account allow additional investments to be made while the issue remains open and permit funds to be accessed early, albeit on closure of the account and the loss of 240 days' interest.
The improvement in the rate means the accounts now sit just below the current market-leader over the five-year term. In addition, if you want to secure a regular income from your savings, the monthly rate of 2.96% is the best available in this particular field.
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