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eSaver Issue 7

    Our eSaver could be right for you if:

    • You want to open and manage your account online and you'd like easy access to your money.
    • You're happy with a variable rate of interest that can go up or down, rather than a fixed rate that's guaranteed for a set amount of time.
    • You'd like your interest paid once a year.

    Summary Box

    Account name eSaver Issue 7
    What is the interest rate?
    Annual Interest 0.81% gross pa/AER
    Interest is earned daily and added to your account at midnight on the anniversary of the date your account was opened.
    Monthly Interest: There is no monthly interest option available.
    Can Skipton Building Society change the interest rate?
    • Yes, the interest rate is variable, so it can go up or down.
    • You'll find full details of this and the reasons why we might change the interest rate in section B23 'interest' of our Investment Account Terms and Conditions.
    • If the interest rate ever goes down, we'll always write to you in advance to let you know as long as you have at least £100 in your account.
    What would the estimated balance be after 12 months based on a £1,000 deposit?
    • The estimated balance after 12 months would be £1,008, based on the following assumptions:
      • £1,000 is paid in when the account is opened and interest starts being earned straight away
      • No further deposits or any withdrawals are made
      • The interest is paid annually and added to the account
      • The interest rate stays the same for the full 12 months
      • The estimated balance is for illustrative purposes only and may be less if you open an account by debit card or cheque.
    How do I open and manage my account?
    • This account is available to UK residents aged 16 or over and can only be opened and managed online.
    • The first payment into the account can be by debit card, internal transfer from another Skipton Building Society account or electronic payment from another UK bank or building society. After that, you can also pay in by cash (in branch only, and we’ll need to see some photographic ID for the first cash payment), cheque (in branch or by post) or by standing order.
    • You can save from £1 up to £1,000,000.
    • Joint accounts are allowed.
    Can I withdraw money?
    • Yes, you can withdraw money or close the account online. You don’t need to give us notice and there are no penalties.
    • For security reasons, you can’t withdraw in the first 14 days of us receiving your first payment. This applies to both new and existing customers.
    Additional Information
    • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. 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. Tax rules may change in the future. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better the return on your savings
    • It's worth noting that any of our accounts can be withdrawn from sale at any time and without notice.

    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.

    Need help?

    If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

    Call us on 0345 850 1722
    Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.


    Things to know before you apply

    • This account can only be opened and managed online.

    We like to make sure you are fully aware of the charges which we will make for a number of services and facilities relating to our investment accounts. You can see these in our Tariff of Charges [PDF].

    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.

    You can apply for this account securely online. If you are not an existing Skipton Online customer, we will set up your online access as part of this process.

    Annual interest option

    • 0.81% gross pa/AER variable

    Financial Services Compensation Scheme

    Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

    Learn more about the FSCS

    FSCS - Protecting Your Money
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