UK expats see new fixed rate accounts

Published:  5 Apr at 3 PM
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Tagged: Ireland
As reported by the Telegraph, Skipton International has revealed a second version for its two-year fixed rate International Reserve Bond. The bond, which will be available only for a short time, will pay 3.5% gross per year on minimum balances showing £10,000.

The offer will be withdrawn once its funding limit has been reached. If investors prefer to receive a monthly income, the rate offered is 3.3% gross, or 3.35% AER. Interest can stay on the account, or can be paid into another account. However, no funds can be withdrawn or added within the two year term.

Jim Coupe, who is managing director at Skipton International, based in Guernsey, said, even though interest rate forecasts are still hard to read at the moment, he still believed the offer would provide savers with certainty and stability.

The offer complements the bank’s broad range of notice and easy access accounts, so that savers may now pick from easy access via notice options of 40, 80, 120 and 180 days, as well as the latest two year bond.

Meanwhile, Bank Of Ireland has also introduced a new fixed rate offer, paying 3.6% fixed for one year.
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