Skipton offers 6.5% savings rate
Tuesday, 06 Nov 2007 17:31
Skipton Building Society subsidiary Skipton Guernsey is launching a savings account with rates up to 6.5 per cent.
The new Sterling Island Ninety account has a 90-day notice period and offers 6.5 per cent AER on balances over £100,000 and 6.25 per cent AER on balances between £10,000 and £99,999.
Interest is paid annually and the maximum investment is £5 million.
Ken Jones, manager of investments at Skipton Guernsey, said: "Our new Sterling Island Ninety account complements our existing savings portfolio, offering an extra investment option for longer-term savers looking for a great rate.
"We are now able to give our clients attractive rates across easy access, 30-day notice, 60-day notice and 90-day notice terms, allowing them to mix and match their savings to suit their individual needs."