Base rate tracking savings product released by Skipton

23 November 2004
A savings account linked to the Bank of England base rate has been released by Skipton Building Society.

Jennifer Holloway, head of media relations at the society, noted: "Savers with Skipton's base rate tracker account can guarantee that their interest rate will follow any movement, up or down, ensuring they continue to receive a fair return."

This is the Skipton's third issue of their Base Rate Tracker, and guarantees that savings will be linked to base rate until June 30th, 2006. The savings account currently offers to pay investors up to 4.85 per cent.

Investors can invest between £500 and £1,000,000 in the product - but to qualify for the top interest rate savers need to invest more than £100,000 in the product.

Those wanting monthly interest on the product receive a rate 0.25 per cent lower than the standard tracker rate.

To read more about savings accounts, click here.
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