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Skipton BS has early Christmas savings gift

Skipton BS has early Christmas savings gift

Category: Savings

Updated: 23/11/2010
First Published: 22/11/2010

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 It is now over 6 months old so the content may be out of date.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 Building Society has delivered savers an early Christmas present with the launch of some new savings accounts.

Its limited edition Christmas Bond pays 3.00% to sit just below the best short term bond products currently available.

As with most fixed rate bonds, no earlier access to funds is permitted, so savers will need to be certain they can commit their money for the full term of one year.

Meanwhile, its new Regular Saver account paying a variable rate of 5.00% is designed especially for savers looking to put money away either for next Christmas or for a forthcoming special occasion.

Again, no access to funds is permitted, with earlier access to money only available on closure of the account.

As a one year term regular savings account, it requires a minimum investment of £10 per month (maximum £500 per month).

Payments are able to be amended each month within the minimum and maximum monthly amounts, but twelve consecutive payments must be made.

Two cracking early Christmas gifts, these accounts earn four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.