Skipton International launch two new market-leading bonds

Skipton International has launched two new savings bonds with some of the best interest rates in the market.

The one-year Fixed Rate Bond offers 1.30% while the two-year bond pays 1.40% per annum gross on balances between £10,000 to £5 million. Monthly interest will be paid on the 18th of each month, with annual interest payable 18 September.

The bonds are available to both new and existing customers.

Jim Coupe, Managing Director, Skipton International, said: “Skipton’s bonds offer our savings customers the certainty and stability of a fixed rate, along with a great return. Our commitment to excellent customer service ensures we make the process of opening and holding offshore savings accounts as straightforward as possible, and we expect these accounts to prove very popular.”

The bonds are already ranking in the top three on Moneyfacts fixed offshore best buy chart, and have a Moneyfacts Excellent rating.

Skipton International offers a range of offshore savings accounts including Notice, Easy Access, and Fixed Rate accounts, to Channel Island residents and British expats in over 100 countries.

At the end of 2015 Skipton International reached £1.075 billion of deposits, making it equivalent to the 12th biggest building society in the UK. Skipton is also one of the largest providers of mortgages in the Channel Islands.

Earlier this year, Skipton International won Best Offshore Account Provider 2016 at the Moneyfacts Awards. This is the third time Skipton has won the Moneyfacts Award, and the Channel Islands-registered bank has been commended, highly commended or has won an award for the past seven years.