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With continued uncertainty over when the record low Bank base rates are going to rise, Skipton International has launched two new ‘Reserve Bonds’ which offer peace of mind for savers through fixed rates of interest until maturity. The interest from the bonds can critically be taken as a monthly income, or added annually to the account to earn compound interest. The bonds can be taken out over three or five years and offer a 2.25% gross interest (AER) or 2.75% gross (AER) respectively.
With continued uncertainty over when the record low Bank base rates are going to rise, Skipton International has launched two new ‘Reserve Bonds’ which offer peace of mind for savers through fixed rates of interest until maturity. The interest from the bonds can critically be taken as a monthly income, or added annually to the account to earn compound interest. The bonds can be taken out over three or five years and offer a 2.25% gross interest (AER) or 2.75% gross (AER) respectively.
Managing Director of Skipton International, Jim Coupe said they are launching the new products in answer to customer needs: ‘We know that many people are still facing uncertain financial futures, and with a rise in the base rate still expected to be some way off, peace of mind from knowing exactly what it is you are going to receive in interest or income from your money is essential for many, particularly pensioners. These products allow customers to have a fixed monthly income, or simply to know what return they are getting on their savings for three or five years.’
A minimum deposit of £10,000 is required, up to a maximum of £2million. Private individuals, businesses, trust companies and individual pensions are all eligible. The products will only be available for a limited period.
Skipton International is a Channel Islands’ bank licensed in Guernsey and a participant of the Guernsey Banking Deposit Compensation Scheme.
For more information visit www.skiptoninternational.com
