Skipton Building Society Christmas Saver Account set for launch

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Skipton Building Society Christmas Saver Account set for launch

Wed 20th Dec 2006

The Skipton Building Society Christmas Saver Account is to be introduced in the new year to encourage people to spread the cost of the festive season.

With a recent survey showing that over four million people in the UK are counting the cost of Christmas well into the following year, Skipton has decided to offer the new account with an interest rate of 6.8 per cent.

Launched on January 15th 2007, the branch-based Skipton Building Society Christmas Saver Account will enable customers to deposit monthly sums which can then be withdrawn from November 25th 2007, ideal for those saving up for Christmas.

John Goodfellow, chief executive of Skipton Building Society, said: "Paying for the festive season on the credit card can end up costing more than was spent, which is a ridiculous situation to be in.

"What we're offering instead is a way for savers to actually make money on the cost of Christmas, by getting a fantastic return of 6.8 per cent on the funds they put away each month."

Skipton Building Society offers a range of savings options including its Regular Savings account, Pension Plus Account and Direct 30 Account.

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