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Leap Account Issue 3

Saving for the future has never been more important, making it essential for young children to learn about the value of saving. With a Leap Account Issue 3, available from our range of children's savings accounts, it couldn't be easier. The child will be the account holder, with an adult to assist if necessary.

In summary

  • 2.25% gross pa/AER variable account interest.
  • You must be under 18 to open this account and can hold the account until your 18th birthday.
  • Joint accounts are not permitted.
  • Open the account with a minimum of £1 by cash (branch only), cheque, internal transfer from another Skipton Building Society account or debit card.
  • Subsequent payments can be made the same way and by electronic payment from another UK bank or building society or standing order.
  • Maximum investment of £50,000.
  • Withdrawals are permitted.
  • Receive a passbook to help keep track of your savings.
  • Great book offer with our savings collector card when you open an account in branch - find out more about this offer on the details tab.

A Leap Account meets your needs if

  • you like the idea of a variable rate of interest which can move up and down, rather than a fixed rate which is guaranteed for the term of the investment,
  • the child would like to be able to operate their account from the age of 8, unlike a trust account, where a trustee is the account holder and holds the money until the child is 18. If the child is below the age of 8, an adult can still open the account on their behalf.
More details

Summary Box

Account Name Leap Account Issue 3
Interest Rate
2.25% gross pa/AER
Tax Status We pay all savings interest gross, which means no tax is deducted. It's your responsibility to pay any tax due, based on your individual circumstances.
Conditions for Bonus Payment No bonus payable
Withdrawal Arrangements There are no penalties or notice periods for withdrawals
Access Branch/post

Important information

To open a Leap Account, you must be under the age of 18 and you are able to hold the account until your 18th birthday.

Please be aware that if the child is under 8 years old, an adult must open the account for them and will be called the ‘operator’. They’ll need to sign a withdrawal slip anytime the child wants to take money out of their account.

Over the age of eight, children will be able to manage and withdraw funds for themselves.

With our Leap Account you not only have the flexibility to withdraw funds without any penalties, you are also able to make as many payments in as you like, at any time, up to the account maximum limit.

Interest will be paid into your account on the anniversary of the account opening each year. 

As soon as you reach 18, your Leap Account will be transferred to an adult easy access account until you decide what to do with your money. Any interest due will be credited to your account and any existing operator will be removed. We’ll be in touch before your birthday to explain the product to you and let you know of any other options available to you.

Every time you save £20 in your Leap Account in branch, you'll receive a Leap Account sticker for your collector card. So, when you've completed your collector card you can choose one of these five fantastic books. Carry on saving and complete a second collector card to choose a second book. Please note, there is a maximum of two books available to each child.

Busy Farm age: 0-3 years

Follow Farmer Phillip as he works on the busy farm. From milking the cows to herding the sheep, there is always so much for a busy farmer to do. With simple rhyming text, robust flaps to lift, labelled pictures and a ladybird to spot on every page, there is plenty to keep young children entertained.

The Magic Porridge Pot age: 3+ years

Based on the traditional folk tale ‘The Magic Porridge Pot’, this vibrantly illustrated story is sure to become a favourite in every home. Ideal for reading aloud and sharing with your little one.

Esio Trot age: 8+ years

Mr Hoppy really loves his neighbour Mrs Silver, and Mrs Silver really loves her tortoise, Alfie. One day Mrs Silver asks Mr Hoppy how to make Alfie grow, and suddenly Mr Hoppy knows the way to win her heart. With the help of a magical spell and some cabbage leaves, can Mr Hoppy be happy at last?

Stig of the Dump age: up to 12 years

Nobody believes Barney when he says he’s discovered a boy living wild in the dump. But for Barney, Stig is totally real. They become great friends, learn each other’s ways and embark on a series of exciting adventures.

The Secret Diary of Adrian Mole age: 12+ years

At thirteen years old, Adrian Mole has more than his fair share of problems - spots, ill-health, parents threatening to divorce, rejection of his poetry and much more - all recorded with brilliant humour in his diary.

It is important that your read the Leap Account Issue 3 terms and conditions (PDF) carefully.

For full details about our savings accounts you should also read our Investment Account Terms and Conditions (PDF).

These contain the details of your agreement with us for this account and we will rely on them for our dealings with you.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722*, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.

For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.


This account can be opened in branch or via a postal application.

Please ensure you read the account terms and conditions and the Investment Account Terms and Conditions which can be found below, before proceeding with the account opening. It is important that you read the terms and conditions carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

Visit your local branch for further information and to open this account.

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This account can be opened by post, download the paper application form below and return with your cheque to the address shown.

Return your form to:

Customer Delivery
Principal Office
The Bailey
North Yorkshire
BD23 1DN

Need help?

Phone Call Skipton Direct: 0345 850 1722*

8am - 8pm
8am - 5.30pm
9am - 12pm
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