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Skipton Building Society launches new fixed savings account with 5.25% interest | Personal Finance | Finance

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Skipton Building Society has launched a five-year fixed-rate bond paying a 5.25 percent , giving customers a new option to lock in a higher rate for the long term.

With speculation that interest rates may be , particularly after the decision not to raise its Base Rate from 5.25 percent in September, Skipton’s new deal could work for long-term savers looking to “prolong the lofty savings rates” of today.

Maitham Mohsin, head of savings at Skipton Building Society, commented: “The signs suggest that savings rates might just have reached their peak.

“The Bank of England has halted its run of consecutive Base Rate rises, and some providers have already started cutting their savings rates.

“But with the launch of our new five-year bond, with a high 5.25 percent rate, we are giving customers the opportunity to lock in this rate for the long term. It’s another example of Skipton offering value for the long term.”

The account can be opened with a balance of £500 and people can deposit up to £1million. Interest can be paid monthly or annually and savers must be aged 16 or over.

People can launch and manage the account in a branch, over the phone, online or by using the Skipton app.

The launch also comes at a time when billions of pounds are due to mature from other fixed-rate products across the market.

According to Skipton’s analysis of CACI savings data, more than £15billion is expected to mature this November.

Mr Mohsin said: “We know fixed rate accounts to the tune of £15billion are due to end and mature in November, so for those savers – and any others who can put some of their cash away for a fixed term – our new Five Year Bond means they can prolong the lofty savings rates we’re experiencing right now for the next half-decade.”

Bonds are a fixed rate savings product where a customer can pay in until the payment end date. In the case of Skipton, it’s November 8 – but then can’t continue to pay in throughout the term of their account.

Customers won’t be able to withdraw their money or close the account, but they are guaranteed a better interest rate than is available with an easy access account.

But while Skipton may be offering a more competitive deal, it isn’t currently topping the market for five-year fixes. JN Bank is currently taking the lead with an Annual Equivalent Rate of 5.8 percent.

The account can be opened with £1,000 and up to £500,000 can be invested. Interest is paid annually and withdrawals are also not allowed until the term ends.

Hampshire Trust Bank’s Five Year Bond (Issue 33) falls just behind with an AER of 5.6 percent. The account can be opened with a minimum deposit of £1 and up to £250,000 can be invested overall. Interest is paid annually and withdrawals are not permitted.

Commenting on the market, Rachel Springall, finance expert at moneyfactscompare.co.uk, said: “One area of the market not blessed by rate rises this month is longer-term fixed bonds, with the average rate falling for the first time since March 2023, while the average longer-term fixed ISA rate stood still.

“This signals a turnaround for the longer-term fixed rate market, perhaps not too unexpected with Base Rate remaining on hold and the markets expecting rates to drop in the months ahead. Those savers considering a fixed bond or ISA may wish to act quickly to take advantage of the highest rates.”



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EC Issues Notice To Congress Chief Mallikarjun Kharge Over ‘Terrorist’ Remark On PM Modi

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April 22, 2026

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The Election Commission of India (ECI) on Wednesday took a serious note of remarks made by Mallikarjun Kharge against Prime Minister Narendra Modi, issuing a show cause notice amid widening political row, officials said on Wednesday.

The action follows a complaint by a Bharatiya Janata Party (BJP) delegation, including Union minister Nirmala Sitharaman, which approached the poll panel demanding strict action over Kharge’s remarks.

The controversy erupted after Kharge, while addressing reporters in Chennai, criticised the All India Anna Dravida Munnetra Kazhagam for aligning with the BJP and referred to the Prime Minister as a ‘terrorist’, triggering sharp reactions from the ruling party.

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The BJP termed the comment an insult not just to Modi but to the country’s citizens.

Kharge later issued a clarification, saying his statement was misinterpreted.

He maintained that he did not intend to label the Prime Minister a terrorist, but meant that Modi “terrorises” political opponents and institutions.

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The Congress chief also accused the Prime Minister of violating the Model Code of Conduct and alleged that the Election Commission was acting in favour of the BJP—charges that further escalated the political confrontation.

The poll body’s notice seeks Kharge’s response to the remarks, as the issue adds to an already heated election atmosphere.

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L&T Tech Declares Rs 40/Share Dividend; Q4 Net Profit Rises 10%

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April 22, 2026

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L&T Technologies Services Ltd. declared a dividend of Rs 40 per share, while also posting a 10% sequential climb in its net profit for the quarter ended March 31, 2026, an exchange filing on Wednesday showed.

The company’s consolidated bottomline rose to Rs 332 crore, as compared to Rs 303 crore in the quarter ended December. This is largely in line with the consensus estimate of Rs 341 crore, as shared by the analysts tracked by Bloomberg.

The firms’ revenue increased by 2.5% to Rs 2,858 crore from Rs 2,787 crore in the preceding quarter. Analysts had estimated a topline of Rs 2,970 crore. 

The tech company’s earnings before interest and taxes (EBIT) was up 5.5% at Rs 435 crore, as against Rs 412 crore in the previous quarter. The EBIT margin expanded to Rs 15.2% from 14.8% in the previous quarter.

The company said it will pay the final dividend of Rs 40 per share 30 days after the approval of shareholders at its upcoming annual general meeting on June 1. The record date for determining the eligibility of shareholders has been fixed as May 22.

Track key highlights of the Q4 results declared on April 22

L&T Technology Q4FY26 Highlights (Cons, QoQ)  

  • Net profit up 9.7% at Rs 332 crore versus Rs 303 crore 
  • Revenue up 2.5% at Rs 2,858 crore versus Rs 2,787 crore 
  • EBIT up 5.5% at Rs 435 crore versus Rs 412 crore
  • EBIT margin At 15.2% vs 14.8% 

The firm’s board of directors has also approved the appointment of Rajeev Gupta, the company’s chief financial officer (CFO) as executive director for a term of three years from April 22, 2026 up to April 21, 2029. It also approved Amitabh Kant’s designation as independent director for a period of five years commencing from April 22, 2026 to April 21, 2031.

Before the quarterly results were declared, shares of L&T Technology settled 2.53% lower at Rs, 3,550.2 apiece on the NSE, compared to a 0.81% decline in the benchmark Nifty 50.

ALSO READ: Tata Communications Q4 Results: Profit Slumps 75%; Dividend Of Rs 17.5/Share Declared

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Citadel 2 Is Back! Priyanka Chopra, Richard Madden Return With Bigger Threat — Locks This Release Date

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April 22, 2026

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The much-awaited second season of Citadel is finally on its way, and fans now have a release date to mark on their calendars. The high-octane spy thriller, led by Priyanka Chopra Jonas and Richard Madden, will premiere on May 6 on Prime Video.

Along with the announcement, the makers dropped an action-packed trailer that offers a glimpse into the next chapter of the spy series. The new season promises higher stakes, larger missions, and a deeper dive into the mysterious world of secret agencies and powerful enemies.

What The Story Is About

Citadel follows elite agents Mason Kane (Richard Madden), Nadia Sinh (Priyanka Chopra), and Bernard Orlick (Stanley Tucci), who once worked for a powerful global spy organisation. The agency was destroyed by Manticore, a dangerous syndicate backed by influential forces.

In Season 2, a new threat emerges, forcing the trio back into action. This time, they are not alone. The story will see them recruiting a fresh team of operatives as they embark on a mission that spans multiple countries. Their goal is to stop a conspiracy that could have massive consequences for humanity.

Cast And New Additions

The new season brings back familiar faces while also introducing several new characters. Alongside Priyanka, Richard and Stanley, the other returning cast members include Lesley Manville and Ashleigh Cummings.

The show also expands its universe with new additions like Jack Reynor, Matt Berry, and Lina El Arabi. Supporting roles will also be played by Merle Dandridge, Gabriel Leone, and Rayna Vallandingham.

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Team Behind The Series

The series is produced by AGBO in collaboration with Amazon MGM Studios. The series is produced by Anthony Russo and Joe Russo, along with Angela Russo-Otstot and Scott Nemes. David Weil is the showrunner and also directs the series, while Greg Yaitanes has directed some important episodes.

What To Expect?

With its mix of action, global storytelling, and a larger ensemble cast, Season 2 aims to take the Citadel universe to the next level. The trailer hints at intense action sequences, new alliances, and a storyline that could reshape the fate of its characters.

Watch The Trailer Here:

ALSO READ | Stranger Things: Tales from ’85: Release Date, Time, Episodes, Where To Watch — All You Need To Know

With the premiere date locked, all eyes are now on May 6 as the spy drama returns with a bigger and more ambitious chapter.

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