Skipton Building Society is increasing interest rates on its range of fixed rate bonds and also relaunching its 18-month fixed rate Isa.
Skipton now offers a rate of 1.21 per cent for its one-year bond, and 1.45 per cent, 1.61 per cent and 1.86 per cent for its two-year, three-year and five-year bonds respectively.
The society's 18-month Isa is being relaunched at a rate of 1.35 per cent and it is increasing rates on its one-year Is to 1.21 per cent and to 1.71 per cent for its three-year Isa.
Interest rates on all other fixed rate Isas offered by Skipton remain the same, including a five-year Isa paying 2 per cent, and are available online, in branch and by post.
Customers can deposit the annual Isa limit of £20,000 into Skipton's Fixed Rate Isas.
Kris Brewster, Skipton's head of products, said: "Skipton's Bonds and E-Bonds allow customers to save up to £1m so we are pleased to offer increased rates across our entire range.
“Our Fixed Rate Isas continue to offer savers competitive rates despite the low rate environment and the relaunch of our 18-month Isa gives people more choice to save over a period of time which suits them best.
"Our message to savers is that if you want to get a head start on tax-free saving, Skipton has an Isa for that."
Duncan Glassey, founding partner at Wealthflow in Edinburgh, said: "These rates are still below inflation and can be bettered elsewhere.
"It is good, though, that rates are moving up from a saver's perspective, but it is an improvement on what is a poor situation.
"In other words poor has got slightly better."
