Skipton raises interest rates for savers

Skipton has refreshed its new savings offerings by increasing the interest rates on a number of its products. This follows the Bank of England announcement that the bank base rate is rising to 1.75%.

Skipton has refreshed its new savings offerings by increasing the interest rates on a number of its products. This follows the Bank of England announcement that the bank base rate is rising to 1.75%.

The new products, which come into effect on Monday 15 August, include a Fixed Rate product, maturing September 2024, at 2.70%, and a Fixed Rate product maturing in September 2023, at 2.40%.

There is also an easy account (International Direct Access) which will pay an increased variable rate of 0.35%, taking it to 1.35%.

Skipton International’s savings products are available for deposits in Sterling and carry a minimum opening balance of £10,000. It also offers US Dollar accounts for businesses.

Aaron Walden, Senior Commercial Manager at Skipton International, said: “We are proud to consistently offer some of the best savings interest rates in the market. Increasing our rates across new easy access, notice and fixed accounts gives our customers the opportunity to save in a product that best suits their individual circumstances. “Skipton International is a leading offshore bank and offers competitive savings accounts and UK Buy-To-Let mortgages on UK properties to British expats, non-UK nationals and those living in the Crown Dependencies. We are recognised for our exceptional customer service and are a twice Feefo Platinum Trusted Service provider. Skipton International is also the holder of the Moneyfacts ‘Offshore Account Provider of the Year’ Award 2022. Full details can be found at: skiptoninternational.com/offshore-savings-accounts”