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Skipton offers 6.5% savings rate

Skipton Building Society subsidiary Skipton Guernsey is launching a savings account with rates up to 6.5 per cent.

The new Sterling Island Ninety account has a 90-day notice period and offers 6.5 per cent AER on balances over £100,000 and 6.25 per cent AER on balances between £10,000 and £99,999.

Interest is paid annually and the maximum investment is £5 million.

Ken Jones, manager of investments at Skipton Guernsey, said: "Our new Sterling Island Ninety account complements our existing savings portfolio, offering an extra investment option for longer-term savers looking for a great rate.

"We are now able to give our clients attractive rates across easy access, 30-day notice, 60-day notice and 90-day notice terms, allowing them to mix and match their savings to suit their individual needs."


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