Skipton Guernsey has announced its new savings rates which came into effect at the start of the month.
According to the firm, the fact the Bank of England base rate is at its lowest level for 57 years means its Island 90 savings account is fantastic value.
The savings account offers customers a rate of up to 4.5 per cent gross, although 90 days' notice is needed to withdraw cash from it.
Alan Bougourd, managing director of the savings account provider, said: "With UK base rate at an historically low level, the challenge for us is to ensure our savings rates stay attractive and rewarding to our investors ."
The Island 90 savings account is an example of the firm offering clear and simple products, he added.
Yesterday, Sean Gardner, director of MoneyExpert.com, stated that the Premium Gold 2 Fixed Term savings account from Close Brothers is one of the best around.
However, people need to deposit at least £10,000 to open the savings account.
Skipton Guernsey launches new savings rates
Financial Services > Savings > Savings and Investments News
Skipton Guernsey launches new savings rates
Wed, 07 Jan 2009
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