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My Savings Issue 3

With our My Savings account we'll listen to what your savings goals are and help you get your finances to where you want them to be. By focussing on what you really want to achieve, you'll find getting there a whole lot easier.

In summary

  • 1.00% gross pa/AER variable annual interest.
  • Monthly interest option available.
  • Sole and joint account(s) are permitted.
  • Open the account with a minimum of £1 by cheque, cash (branch only), debit card, or an internal transfer from another Skipton Building Society account.
  • Subsequent payments can be made the same way and by electronic transfer.
  • Maximum investment of £1,000,000 (£2,000,000 for joint accounts).
  • Withdrawals are permitted.
  • Receive a passbook to help keep track of your savings.
  • Access by telephone is available if you are 16 or over - subject to eligibility.

Our My Savings 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, and
  • you would like easy access to your savings, as and when you need them.
More details

Summary Box

Account Name My Savings Issue 3
Interest Rates
(AERs)
Annual Interest 1.00% gross pa/AER variable
Monthly Interest 1.00% gross pa/AER variable
Tax Status Interest is paid net unless you are eligible for gross interest, in which case an HM Revenue & Customs form R85 is required
Conditions for Bonus Payment There are no bonus payment features on this account
Withdrawal Arrangements There are no penalties or notice periods for withdrawals
Access Branch/Post/Telephone (Conditions apply - see full terms and conditions)

Our My Savings accounts allow for six specific savings goals:

  • Emergency Saver– making sure you are prepared for life’s emergencies and the unexpected;
  • Retirement Saver – to help you enjoy your retirement;
  • Holiday Saver – helping you take life even easier;
  • Home Saver – for those thinking of making the move or sprucing up their current home; 
  • Rainy Day Saver – because it’s always great to have something put away for a rainy day; and 
  • Secret Saver – save for the perfect surprise.

Important information

With our My Savings account you not only have the flexibility to withdraw funds without any penalties, you are also able to make multiple subsequent investments enabling you to manage your funds easily.

Interest you earn will be paid into your account either annually on the 30th November or paid monthly on the 30th of each month. Where there are less than 30 days in the month, the interest will be paid on the last day of the month.

Alternatively you can have your interest paid into another suitable Skipton Building Society account, or other UK building society or bank account. Interest will be paid on the next working day after the date your interest is due (working days exclude Saturdays, Sundays and Bank Holidays).

It is important that your read the Further Terms and Conditions (PDF) carefully.

You should also read our Investment Account Terms and Conditions (PDF) which apply to all savings accounts.

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

Keeping our members happy is what really matters to us. So if you think we could improve our products or services, or if you have a complaint, please let us know. If you'd like to find out more about our internal complaints procedure, please ask for details at any branch or from our Principal Office.

Alternatively, please call 0345 850 1700* or contact us at the address below:

Customer Relations
Skipton Building Society
The Bailey
Skipton
North Yorkshire
BD23 1DN

Complaints we can't settle may be referred to the Financial Ombudsman Service.

Apply

This account can be opened either in branch, via a postal application or over the phone by contacting Skipton Direct. Please see the desired application route below for full details and the further terms and conditions associated with that account.

Please ensure you read the Further Terms and Conditions and the Investment Account terms and Conditions, before proceeding with the account opening. The Investment Account Terms and Conditions contain important information, including details about how you can complain.

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

Branch finder

This account can be applied for over the phone. You can call us or arrange for us to call you back.

Call Skipton Direct

Mon - Thurs
8am - 8pm
Fri
8am - 5.30pm
Sat
9am - 12pm

Phone 0345 850 1722*

Callback request

If you'd prefer us to call you, simply complete a few details online and we can call you back

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

Return your form to:

Investment Operations
Skipton Building Society
The Bailey
Skipton
North Yorkshire
BD23 1DN

Need help?

Phone Call Skipton Direct 0345 850 1722*

Mon-Thurs
8am - 8pm
Fri
8am - 5.30pm
Sat
9am - 12pm
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