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Skipton launches online bonus savings account

Skipton Building Society has introduced a new Online Bonus Saver account, which offers unlimited withdrawals if access to funds if it is needed. The limited-edition account replaces its Websaver 2 account.

The new savings account has a 3.05% variable interest rate for 12 months from the account opening and this rate includes a 1.55% bonus for the same 12-month period. After this it reverts to a variable interest rate of 1.5%.

Skipton’s head of products, Kris Brewster, said: “We believe this is one of the only accounts of its kind, allowing customers to ‘have their cake and eat it’ thanks to the combination of a very competitive rate and access to their cash.

“Even after the 12-month bonus period, it will continue to pay a variable rate of 1.50%, which is itself a reasonable return for a completely accessible account.

“As a mutual, Skipton is committed to encouraging people to save and manage their money responsibly, making it as simple and rewarding for them to do so as possible.

“The launch of the new Online Bonus Saver account will further enhance our already impressive product range, which offers innovative options to suit a range of needs, and straightforward long term good value combined with regular special offers.”

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