Skipton Relaunches 2-Year Bond Offering
Tuesday, June 28, 2011
Skipton International has launched a seventh edition of its popular two-year
fixed rate sterling account paying 3.25% gross/AER per annum.
With a minimum deposit of GBP10,000 and all balances earning the same high
rate of return, the account is expected to receive high demand. The Bond is
to be offered on a first-come-first-served basis and will be withdrawn when it
has reached its funding limit.
Interest will be paid annually on June 30, with the first payment being made
on June 30, 2012, and again a year later upon maturity of the account. Interest
can be capitalised or paid away to an account of the customer’s choice,
but additional funds cannot be added or withdrawn during the two-year term.
At the end of the two-year term the account reverts to a variable rate no-notice
structure.
Commenting on the new Bond, Managing Director Jim Coupe said: “With interest
rate forecasts proving difficult to judge at present, we believe the offer of
an attractive, guaranteed interest rate of 3.25% AER over two years will provide
savers with stability, certainty and also a good basis for creating a supplementary
income stream. Our latest Skipton International 2-Year Bond offers payment of
interest annually and access to your savings in just 24 months' time.”
Skipton International Ltd, based in Guernsey, is part of Skipton Building
Society, the fourth largest in the UK with over GBP14bn of assets. |
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