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Wednesday 04th of March 2009
March 2, 2009

Skipton increases interest on savings


by David Masters
Skipton increases interest on savings

Skipton Building Society has increased the interest paid on its online savings accounts.

Customers with an Online Access Account or an Online Individual Savings Account (ISA) at Skipton have had rates increased by 0.25%.

The Online Access Account rate has increased to 2.75%, whilst the Online ISA rate has increased to 2.25%.

Tim Fletcher, general manager at the building society, said: “We thought it was about time savers had some good news and to give the easiest access to these new rates, we’ve focused on our online accounts.”

The news comes at a time when many building societies, including Nationwide, have made rate cuts following the Bank of England’s base rate reductions.

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