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Cash ISA Saver

    Our Cash ISA Saver could be right for you if:

    • You're happy with a variable interest rate that can go up or down, rather than a fixed rate that's guaranteed for a set amount of time.
    • You'd like easy access to your money and to be able to add more to the account during the tax year.
    • You want to be able to transfer in ISA savings from previous tax years, if you have any.
    • You want to choose between having your interest paid every month or once a year. Whichever option you take, you can have your interest either added to your account or paid into an external bank or building society account.

    Summary Box

    Account name Cash ISA Saver Issue 6
    What is the interest rate?
    Annual Interest 0.65% tax-free 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: 0.65% tax-free pa/ AER
    Interest is earned daily and each month's interest is added to your account at midnight on the last day of the month.
    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 £1,006 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 be opened and managed in any of our branches or by post.
    • The first payment into the account can be in cash (branch only), by cheque, debit card or transfer from another Skipton Building Society account. You can also transfer ISA savings in from other providers via our ISA transfer service. After that, you can also pay in by electronic payment or standing order.
    • You can deposit up to your total ISA allowance each tax year (£15,240 for 2016/2017), plus any ISA transfers.
    • You can save from £1 up to £1,000,000.
    • No joint accounts allowed.
    Can I withdraw money?
    • Yes, you can withdraw money from this account in branch or by post. You don't need to give us notice and there are no penalties.
    • This account is flexible, so you can withdraw money and put it back without affecting your ISA allowance, as long as it's done in the same tax year and the account is still open.
    • You can cancel the account in the first 14 days, if you need to.
    Additional Information
    • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in 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.

    A Cash ISA allowance is available to anyone over the age of 16. Your current tax year allowance can only be held in one single account. If you would like to transfer your existing ISA to our Cash ISA Saver, please read our Transferring Your ISA page.

    If you would like to transfer your Cash ISA held with Skipton to another ISA provider, you will need to complete the ISA Transfer Authority Form supplied by your new provider.

    Annual subscriptions must always be transferred in full for the current tax year.

    You can transfer your flexible ISA to another provider, but current and previous years' ISA allowances are treated differently. If you transfer your full balance to another ISA provider, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer

    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.

    www.financial-ombudsman.org.uk

    For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/odr/. 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.

    Apply

    Things to know before you apply

    • This account can only be opened and managed in branch or by post.
    • You will need your National Insurance number when applying for this account.

    If you are a new customer - where possible we use an electronic verification system to verify your identity and address, however we can't do this for postal applications, for children under 18 in England, or if you are not on the electoral roll for your current address. For full ID requirements please see our Proving your identity [PDF] document.

    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 key features and 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.

    Branch finder

    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
    Skipton Building Society
    The Bailey
    Skipton
    North Yorkshire
    BD23 1DN

    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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