Consumers urged to act quickly over Skipton fixed rate bonds

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Consumers urged to act quickly over Skipton fixed rate bonds

Skipton Building Society has advised consumers they should take advantage of one of its new fixed rate bonds while they are still available.

These comments were made by head of products Kris Brewster regarding the Leap Account, which offers up to three per cent interest on balances.

"With a strictly limited tranche, customers interested in this offer should ensure they are in a position to take advantage as quickly as possible," he said.

The Skipton Building Society product offers 2.4 per cent interest for balances under £25,000 and 2.75 per cent for anything up to £50,000, while deposits above this amount earn the headline three per cent rate.

Mr Brewster claimed the Leap Account does not feature any gimmicks and is aimed at offering customers a competitive return on their savings over an 18-month period.

This week, the firm also unveiled its Telephone Saver product, which offers a return of up to 2.25 per cent.

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