Skipton rewards savers with rate increase on short term bonds

Thu, 12 Jan 2012
 
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Skipton Building Society has today launched a new range of one and two-year fixed rate bonds that offer increased interest rates for savers.

The new savings products replace the lender’s already competitive, tiered fixed rate range, with rates on some short-term bonds increasing by up to 0.40 per cent.

For example, savers investing between £500 and £24,999 in the new one-year fixed rate bond can benefit from a rate of 2.85 per cent AER, up from 2.45 per cent.

Kris Brewster, head of products at Skipton, said: "Our fixed rate bonds consistently rank among the most competitive available and we are delighted to be able to reward savers even more with a rate increase on our shorter term products, while continuing to offer excellent value across our bond range."

The Building Society has also extended its My Savings goal-based range with the introduction of the limited edition My New Year's Resolution Saver account .

The new offering comes with an attractive interest rate of 2.50 per cent and takes the number of accounts in the My Savings suite to 13.