Skipton launches Christmas Regular Saving account

Tuesday, 26 November 2013 09:55

Skipton Building Society has launched a new Christmas Regular Saver account, that offers 3.50 per cent p.a AER for monthly investments of up to £250.

Making sure that savers will earn a good rate of interest for the festive period, the account will allow a maximum monthly deposit of £250 and a maximum annual balance of £3,000. The Funds will then mature in an easy access account, and interest is payable on maturity on November 28th 2014. Customers should note that no withdrawals are allowed, and funds are only available to access on maturity or when the account is closed.

Skipton’s head of products Kris Brewster said: “Christmas is a wonderful time, but it can also be a stressful one, especially for people with families who face the worry of paying for the growing cost of their festivities. With statistics suggesting that personal debt spirals at this time of year as a result, we think it’s important to offer people an alternative. By putting away what they can spare on a monthly basis, they can not only plan for a worry-free Christmas, but the interest they earn will help to add a little extra sparkle!”

For more information on the product, visit the official Skipton website.

Skipton is the fourth largest building society in the UK, with over 740,000 customers, £13.9 billion of assets and a network of 102 branches and agencies across the country.

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