Skipton Building Society launches new online bonus savers account
Wednesday, 24 August 2011 01:05
Skipton Building Society has launched a new Online Bonus saver accounts which pays 3.05 per cent interest and allows limitless withdrawals.
The interest rate of 3.05 per cent includes a 12-month bonus of 1.55 per cent so customers who take out the account should make sure that they review their savings accounts when the bonus runs out to see if they can get a better deal elsewhere.
The Online Bonus saver account replaces Skipton’s Websaver 2 account and offers a fixed rate of interest but also allows customers to withdraw funds without incurring penalties.
There is a minimum deposit of £1,000 required to open the account and the new account is open to new and existing customers.
Skipton's Head of Products, Kris Brewster, said: "We believe this is one of the only accounts of its kind, allowing customers to ‘have their cake and eat it' thanks to the combination of a very competitive rate and access to their cash.
"Even after the 12 month bonus period, it will continue to pay a variable rate of 1.50%, which is itself a reasonable return for a completely accessible account.
"As a mutual, Skipton is committed to encouraging people to save and manage their money responsibly, making it as simple and rewarding for them to do so as possible.
Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account.
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