Skipton International, an offshore building society based in Guernsey, has launched two new GBP Fixed Rate Bonds paying a market-leading offshore savings rate of 4.25% AER.
Savers can choose between bonds maturing on 16 November 2027 or 16 November 2028. Both bonds are available for deposits from £10,000 to £5 million.
Competitive offshore savings range
Aaron Walden, Senior Commercial Manager at Skipton International, said: "This launch strengthens our competitive offshore savings range, combining a competitive fixed return with the certainty savers value and the clear, personal service customers expect from Skipton International."
He added: "Savers are looking for both value and confidence in where they place their money. With a fixed rate of 4.25%, customers can lock in a strong return and know exactly what their savings will earn over the term."
On both accounts, the interest rate is fixed, and annual interest is earned after 3 working days, including the day Skipton receives your cheque. New bank customers must deposit a minimum overall balance of £25,000, and balances below £10,000 will attract an interest rate of 0.00% AER.
Other market-leading rates
According to Money Saving Expert, the best one-year fixed-rate account to go for right now comes from MBNA (part of Lloyds), paying 4.85% on maturity for balances between £1,000 and £750,000.
There is also the one-year fixed rate account from NS&I, which pays 4.82% interest monthly (paid away) or annually (paid into the account) for balances between £500 and £1 million.
In terms of two-year fixed rate accounts, Money Saving Expert recommends Birmingham Bank with its rate of 4.87% paid on maturity for balances between £5,000 and £250,000.
