Skipton's 3.50% 7-Year Bond goes online

Following new Bank of England Governor Mark Carney's announcement that Base Rate is likely to stay put for three years, the Society was keen to extend availability of this product - which was previously available only via its brances - to more people.

It has already committed to extending the availability of the branch-only version of this product to at least the end of August, after it proved popular.

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

"We originally conceived this product to offer savers value and certainty in a market characterised by historically low rates.

"Wednesday's announcement by the new Bank of England Governor did a lot to bring increased certainty to the marketplace.

"However, the downside of that for savers is they now know they are unlikely to see much improvement in their returns for even longer than they might have thought.

"That's why we're doing what we can to cushion the impact on them by extending the availability of our 7-year branch bond, and now making it available to online customers too."

This latest offering complements the wide variety of other good value savings accounts Skipton has available, including our innovative goal-based My Savings range, which encourages people to save up for everything from holidays to a rainy day, through badged accounts helping them to keep their objective very much in mind. Skipton also offers competitive ISAs and was among the first providers to offer the Government-backed Junior ISA.

It further reinforces Skipton's commitment to offering consistent, long term good value products which are transparent, with no catches. And the combination of simplicity, rate certainty and an attractive return means that customers can invest their money with confidence.