Skipton ups rates on shorter term ISAs

Skipton’s five year product, a regular feature in best buy tables, is still paying 3.00%.

The Society will also launch a new range of branch and online Fixed Rate Bonds, paying up to 3.00%.

The Society's Fixed Rate Bonds offer customers the chance to benefit from competitive returns over terms of one, two, three or five years. The minimum investment for each account is £500, up to a maximum of £1,000,000 (or £2,000,000 for joint accounts).

Kris Brewster, Skipton’s Head of Products, 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%.”