Skipton International keeps competitive rates | Product News - Moneyfacts

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Skipton International keeps competitive rates

Skipton International keeps competitive rates

Category: Savings
Date: 18/08/2014

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 It is now over 6 months old so the content may be out of date.

The latest review by Skipton International Ltd sees the end dates on two of its offshore bonds moved on by two months, with rates kept at the same competitive level.

The basics…

Three-year International Reserve Bond (Issue 9) is continuing to pay 2.25% yearly (2.23% monthly) until 30.9.17. Meanwhile, the five-year version, International Reserve Bond (Issue 5), is paying a market-leading rate of 2.75% yearly (2.72% monthly) until 30.9.19.

The finer details…

Both of these offshore bonds need a minimum of £10,000 to be invested. The accounts can be opened by post or over the phone, and can then be managed by the same methods as well as in branch. Withdrawals, further additions and early access are not available, so investors must be completely happy with their investment from the beginning.

Investments up to the value of £50,000 are protected by the Guernsey Depositors' Compensation Scheme.

Why we like them…

The five-year bond leads the market for its term while the three-year version sits just below the market leader. Both offer highly competitive rates for the offshore investor. There is limited flexibility available due to the absence of early access, but there is a monthly option, which will appeal to those who wish to supplement their income.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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