New E-bond Savings Account From Skipton

Skipton Building Society has launched a new e-bond savings account offering 3.05% p.a. AER.

This new 1 Year E-Bond Issue 3 savings account replaces the existing Issue 2.

Customers can invest between £500 and £1,000,000 (£2,000,000 for joint applications).

The interest payable is 3.05% Gross pa/AER with the annual interest option of 3.01% Gross pa/3.05% AER for the monthly interest option.

This e-bond complements Skipton’s other savings accounts, including  the Society’s My Savings goal based savings range (2.50%), Telephone Saver (up to 2.25%), its recently launched ISA range which offers rates of up to 4.00% and its other e-bonds which pay from 2.50% to 4.1% over terms of six months to five years.

Louise Penfield, Senior Product Manager for Savings at Skipton, said: “This is the third e-bond of its kind that we have launched in recent weeks.

Each previous product has proved incredibly popular, selling out in a matter of days – which demonstrates the current urgency among UK savers to achieve decent value on their investments.”

MoneyHighStreet.com comment: We have seen a number of building societies either launch or improve their offerings on savings accounts recently, including

• Norwich & Peterborough who increased their interest rates on their One Year Fixed Rate Bond and E-Bond
• Nationwide increased rates on their one-year Fixed Rate Bond, e-Bond, Tracker Bond and Tracker e-Bond, and Fixed Rate ISA

Perhaps at last there is improving news for savers.