Skipton International in Guernsey has launched two new Fixed Rate Savings Accounts offering attractive returns.
Available immediately, one Fixed Rate Bond will mature on 2 August 2021 and the other on 2 September 2019. Both offer annual interest and the three-year bond pays a gross annual interest of 2.00% AER while the one-year bond pays 1.60% AER.
Simply put, if a saver invests £10,000 in the three-year fixed rate bond, it will grow to £10,612 over the period if all interest is reinvested in the account. Equally, the same amount invested in the one-year fixed rate bond will be worth £10,160 at maturity.
Jim Coupe, Managing Director of Skipton International, said: “At Skipton, we pride ourselves on being dynamic and giving the best possible deals. We’re also proud that our offshore savings products remain some of the most competitive on the market and these new bonds demonstrate our commitment to continually offer our customers a range of options.
“Coupled with our award-winning customer service, Skipton looks to maintain attractive rates for offshore savings accounts, and these fixed rate bonds serve to strengthen that position.”
