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New fixed-rate savings products at Skipton

Skipton Building Society has launched a new fixed-rate bond range, including one, two, three and five-year bonds, with rates of up to 3%. It has also introduced a new range of in-branch and online fixed-rate ISAs, which also pay up to 3%.

The minimum investment for the fixed-rate bonds is £500, up to a maximum of £1 million (£2 million for joint accounts).

Provided they have not already subscribed to another cash ISA in the current tax year, ISA customers can invest up to £5,760 tax free.

Kris Brewster, Skipton’s head of products, said: “At Skipton, we recognise that savers are continuing to feel the impact of a prolonged low Bank of England base rate environment, hence our continued focus on offering competitive longer-term fixed rates of up to 3%.

“Many people have made New Year resolutions to get their finances into shape this year, and these accounts offer customers the chance to squirrel some money away for a set period of time, with the added incentive of saving tax free if customers opt for our ISA.”

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