Skipton has raised rates by five percentage points on its one and three-year fixed rate Isas and one year fixed rate bonds.
Key Features
■ The interest rate on the one-year fixed rate Isa has increased from 1.45 per cent to 1.50 per cent
■ The rate on the one year fixed rate bond has increased from 1.45 per cent to 1.50 per cent (1.60 per cent for online applications – up from 1.50 per cent).
■ Interest on the three-year fixed rate Isa has increased to 2.20 per cent (up from 2.15 per cent).
■ The society’s easy access bonus cash Isa which pays 1.50 per cent still available at present.
■ The Isas have a yearly limit of £15,000. Both the bonds and the Isas have anniversary end dates, meaning they have an exact term rather than having a fixed-end date.
Adviser Verdict
Anna Bowes, co-founder of online savings advice website SavingsChampion.co.uk, said: “A lot of one-year fixed rates have been withdrawn and reintroduced with lower rates.
“But these rates are underwhelming. You can get better one-year fixed rates elsewhere. For instance BM Savings pays 1.85 per cent on a one-year fixed rate bond.
