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Skipton launches new fixed-rate ISAs

Skipton Building Society has launched a new fixed-rate ISA range with rate increases on its one, two and three-year products. The society has also introduced a new range of branch and online fixed-rate bonds, paying up to 3%.

Its new one, two and three-year ISAs are now offering interest rates of 1.60%, 1.85% and 2.25%, respectively.

The society has also launched a new fixed-rate savings bond range, with rates paying up to 3%. Offering one, two, three and five-year terms, the minimum investment for each account is £500 and the maximum is £1 million or £2 million for joint accounts.

Skipton’s head of products, Kris Brewster, said: “Our bonds and fixed rate ISAs continue to be a consistently popular choice for our customers. The impact of a prolonged low Bank of England base rate environment means savers are continually looking for better rates and we are delighted to offer increased interest rates on our one, two and three year ISAs.

“We also continue to focus on offering competitive longer-term fixed rates, including our five year bond and ISA, which offers 3%.”

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