Skipton Int’l restructures savings accounts
From Products Feb 1 2012 BY: Simon Danaher
, Online News Editor
, International Adviser
Skipton International has launched two new 40 and 80 day notice accounts and withdrawn its Premium 40 and 90 products.
In addition, the company has replaced its 120 day notice account with what it says is “an identical” International Select 120 day account.
Skipton said the changes are designed to bring “balance and clarity” to its offshore savings accounts. It added that the changes will mean savers looking to increase the return on their investments do not have to commit to such a long notice period to access higher interest rates.
Previously, those trading up from a 40 day notice period had to select a 90 day notice as the next step up, a jump of 50 days. The new International Select 80 account means this gap is now a more manageable 40 days.