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Skipton launches new fixed-rate savings products

Skipton Building Society has launched a new fixed-rate bond range, with rates paying up to 2.25%. The Society has also launched a range of branch and online fixed- rate ISAs, paying up to 2.20%.

Its fixed-rate branch and e-bonds offer customers the chance to benefit from competitive returns over terms of two or five years. The minimum investment for each account is £500, up to a maximum of £1 million or £2 million for joint accounts.

Skipton’s new fixed-rate ISAs require a minimum opening balance of just £500 and allow customers to save up to £5,760 tax-free in the current tax year.

Skipton’s head of products, Kris Brewster, said: “Our bonds and fixed-rate ISAs are a consistently popular choice for our customers, who appreciate the combination of simplicity and competitive rates.

“These accounts offer customers the chance to squirrel some money away for a set period of time, and with the added incentive of saving tax free if customers opt for our ISA.”

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