Skipton’s One Year Fixed Rate ISA will now be available at 1.62%, which coincidentally reflects the Society’s 162 year history, with the 2 Year ISA on offer at 1.80%, 3 Year ISA at 1.95% and 5 Year ISA at 2.10%.
Savers can also take advantage of Skipton’s Fixed Rate Bonds, which have seen increases in their interest rates and are available branch or by post or Fixed Rate E-bonds which are available online. The One Year Fixed rate is increasing to 1.60%, the 2 Year to 1.80%, 3 Year to 1.95% and 5 Year Bond to 2.10%.
Customers can deposit the annual ISA limit of £15,240 into Skipton’s Fixed Rate ISAs and are also able to transfer in previous years ISA allowances if they wish.
Kris Brewster, Skipton’s Head of Products, said:
“Despite recent announcements regarding possible changes to ISAs and to general savings accounts, it’s still important that savers take full advantage of their tax-free ISA entitlement. These proposed changes are not due to happen for months so everyone should consider taking out an ISA in this new tax year to keep their savings from the taxman.
“The ISA limit has now risen to £15,240 so we are encouraging customers to make the most of their allowance. By increasing the rates on the majority of our fixed rate ISAs we are continuing to offer savers attractive rates despite the low rate environment. The chance to keep more of their savings from the taxman, plus interest rate increases on certain products, can only be good news for our customers."
