Increased interest rates for new bond

Thursday 10 September 2015

Despite continued record low inflation rates Skipton International has raised its interest rates with a new Fixed Rate Bond.

The new Bond which matures on 30th November, 2018, will pay a fixed interest rate of 2.25% AER and is open to both new and existing customers with internal transfers allowed.

Managing Director Jim Coupe said: “I’m pleased that this is a competitive and attractive product at a time when a rise in interest rates is still uncertain. Investors are seeking certainty and security as well as a good return. Our savings products attract demand from across the world and this new bond won’t be an exception. It means we are able to put much of that money to use in our Channel Island economies by lending to local homeowners.”

Skipton is a leading offshore bank with customers in over 100 countries. They offer a range of offshore savings products with monthly or annual interest options, as well as British expat mortgages. The new three-year bond offers customers the certainty of a fixed rate and regular income from their savings.

The account is available to private individuals, businesses, Trust Companies and Individual Pensions. Interest will be paid monthly or upon maturity on a minimum investment of £10,000 and a maximum of £5 million. Customers should be advised there is no early access available with this account and it must be held until maturity.   

Skipton has won or been commended in the Moneyfacts Best Offshore Account provider category for the last three years.