Bank of Scotland launches high fixed rate account

08 September 2006
A new investment opportunity from Bank of Scotland International is set to provide customers who are disappointed with the markets low interest rates with a bit more value for money.

The one-year Fixed Rate Account, with a rate of 5.5 per cent gross, is available for savers for a limited period. Its rate became effective at the beginning of September and the bank urges customers to act quickly in snapping it up.

"With the current interest rate volatility, we spotted an opportunity to offer our customers this very competitive one-year Fixed Rate account," said David Ogilvie, Bank of Scotland's head of sales, marketing and products.

"Our International Fixed Rate Account has consistently been a Moneyfacts 'best buy' over the past year, demonstrating our commitment to offer our customers market leading, value for money products."

Mr Ogilvie said retired customers had been particularly hard hit by the low rates around at the moment and that this account represented "a great opportunity for customers to grow their savings".

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