Following last week’s Bank of England announcement that the bank base rate is rising to 1.75%, Skipton has refreshed its savings offerings by increasing the interest rates on a number of its products.
The new products, which all come into effect on Monday 15th August, include a Fixed Rate product, maturing September 2024, at 2.70%, and a Fixed Rate product maturing in September 2023, at 2.40%. There is also an easy account (International Direct Access) which will pay an increased variable rate of 0.35%, taking it to 1.35%.
Skipton International’s savings products are available for deposits in Sterling and carry a minimum opening balance of £10,000. It also offers US Dollar accounts for businesses.
Aaron Walden, Senior Commercial Manager at Skipton International, said: “We are proud to consistently offer some of the best savings interest rates in the market. Increasing our rates across new easy access, notice and fixed accounts gives our customers the opportunity to save in a product that best suits their individual circumstances.”