Skipton updates saving offerings as bank base rate rises

Wednesday 10 August 2022

Skipton has announced new saving offerings with increased interest rates on a number of its products from Monday [15 August].

Skipton made the changes following last week’s Bank of England announcement that the bank base rate is rising to 1.75%.

The new products include a fixed rate product, maturing September 2024 at 2.7% and a fixed rate product maturing September 2023 at 2.4%.

There is also an easy international direct access account 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.

Pictured: Skipton Senior Commercial Manager, Aaron Walden.

Senior Commercial Manager, Aaron Walden, 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.”