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Skipton reports record savings deposits from Jersey customers

Skipton reports record savings deposits from Jersey customers

Monday 22 May 2017

Skipton reports record savings deposits from Jersey customers

Monday 22 May 2017


Skipton International has seen a record 41% rise in deposits from customers in Jersey since May 2016.

The bank described their year as "buoyant" and said the growth in deposits in the island echoed a growth in offshore savings from British expats around the world.

According to Skipton, many expats have been taking advantage of the weak pound to convert overseas savings back into Sterling ahead of a return to the UK, or in advance of a UK property purchase.

Jim Coupe, Managing Director, Skipton International, said: “Skipton International is committed to offering our customers a good return on their savings, and with some of the best rates on the market, our savings accounts constantly deliver that. With the telephone banking facility in place, customers are put straight through to our friendly Customer Services team who will efficiently take instructions for withdrawals or transfers over the phone.”

He added: “We look to make savings as straightforward and as flexible as possible. Our award winning service means that support is available by phone to answer customer enquiries or take instructions.”

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