Skipton ups rates on fixed rate bonds
Skipton Building Society has increases rates on its Two Year Fixed Rate ISA to 2.00% while the rate has increased on two, three and five year Fixed Rate Bonds, now paying 2.00%, 2.30% and 3.00%, respectively.
They are also launching increased E-Bond rates with a 2 year at 2.05% and a 3 year at 2.35%.
The new range of Fixed Rate ISAs and Bonds are part of its recently-launched Anniversary end dates, meaning these products will be the exact term (e.g. one year), instead of having a fixed end date.
Kris Brewster, Skipton’s Head of Products, said:
“We’re extremely pleased to be increasing interest rates on our two, three and five year Bonds, with no restrictions on how much customers wish to save, up to a maximum of £1,000,000.
“We have also increased the interest rate on our 2 Year Fixed Rate ISA and, because of the new ISA rules, people can put substantially more of their savings into a tax free wrapper, up to £15,000. We saw a record number of ISA customers attracted to the Skipton since the announcement of the New ISA and we are continuing to offer savers attractive rates.”
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