Skipton Guernsey Limited, the offshore savings specialist, has announced that following the cut in UK Base Rate in April, it will not be cutting the interest rates it pays to many savers. Skipton Guernsey did not cut rates to savers after the last Base Rate reduction in February this year, demonstrating its strong claim to be the “friend of the saver” with a policy of paying consistently good value interest rates.

Savers can now earn up to 6.25% gross pa/AER in Sterling Island Ninety account, a popular 90 day high interest notice product. Where rates have been cut, it has been only by up to 0.15%, meaning easy access accounts such as the Sterling Access Plus account, which offers four penalty free withdrawals per annum, are offering savers up to 5.60% gross pa/AER.

This makes our accounts some of the most attractive available from a recognised brand in the savings market with over 10 years experience of serving Guernsey and expatriate savers. We understand the importance of issues such as reliable and transparent interest rates, and our reputation built up over the last 10 years is testament to this. Savers nowadays can be confused by some of the newer offerings appearing, so we think it is reassuring to be able to rely upon a tried and trusted home for your savings such as Skipton Guernsey.”

Ken Jones, Manager, Investments comments, “Following the last two cuts in UK Base Rate in February and April, we have been able to hold our savings rates and will do so whilst market conditions allow.

For further information on SGL’s easy to follow investment product range visit www.skiptonguernsey.com or call +44 (0) 1481 727374.