More savings options from Skipton

Mon, 06 Mar 2006

Skipton Building Society has announced the launch of two new individual savings accounts (Isas) for people who want to start saving money.

The Isas offer a "competitive" savings interest rate of 4.65 per cent that is fixed until April 5th 2008.

These deals – a two-year fixed-rate Isa and two-year fixed-rate Toisa – come at a time when "canny" savers review their money matters, according to the savings provider's head of media relations, Jennifer Holloway.

They do this to ensure they get the most out of their tax-free allowance, she explains.

"Investors can receive one of the market's top rates for Isas and Toisas – at 4.65 per cent – and be happy that, should the base rate should fall, their money will still be working hard for them," Ms Holloway continues.

She says that these investment options are expected to be very popular.

Those interested in starting to save money in either of these savings accounts will need to make a minimum investment of £500.

Skipton is the UK's seventh largest building society with 79 branches countrywide.

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