Skipton and Scarborough unveil joint account

The banks are set to merge to form a single savings and mortgage bank on Guernsey subject to regulatory approval and the International Bonus Account is their first product. The account offers immediate access to funds so savers can make withdrawals without incurring an interest penalty. Savers will earn a minimum rate of 2% gross p.a/AER on balances of over £100,000, while accounts opened with fresh money will earn an extra 1% bonus, which is payable on the first interest payment date of 31 August 2010. During the following year until 31 August 2011, the account will pay a minimum ...