Skipton boosts ISA interest rates

Skipton’s 1 Year Fixed Rate ISA will now be available at 1.50% with the 2 Year ISA on offer at 1.80%.

Savers can also take advantage of Skipton’s Fixed Rate Bonds, which have also seen rate increases on 1 and 2 Year products and are available in branch or by post or Fixed Rate E-bonds which are available online. The 3 Year Fixed Rate remains at 2.00%.

Customers can deposit the annual ISA limit of £15,240 into Skipton’s Fixed Rate ISAs and are also able to transfer in previous years ISA allowances if they wish.

Kris Brewster, Skipton’s Head of Products, said:

“We are pleased to offer increased rates for those looking to invest over the short term, while our 3 year rate continues to offer 2.00%. Our Bonds and E-Bonds allow customers to save up to £1,000,000, and our Fixed Rate ISAs continue to offer savers attractive rates despite the low rate environment.