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5.00% gross pa / AER Variable

Please note:

Before opening an account, please ensure that you read:

• The further terms and conditions as below.
• The separate Investment Account Terms and Conditions.

These contain important information about our accounts.

If you are a new customer please bring some form of identification and verification of address as detailed in the "Proving Your Identity" leaflet. For further assistance, call your local branch or Principal Office.

Further terms and conditions for Leap Account

1. Interest rates are variable.
2. You (the child) are the account holder and the rightful owner of all monies held in the account.
3. The operator is the adult responsible for opening and operating the account where the child is under 8 years of age. The operator has no interest in or entitlement to any monies in the account.
4. The maximum balance can only be exceeded by capitalised interest.
5. All transfers to and from other Skipton accounts (where applicable) are subject to the terms and conditions of those accounts.
6. You can only open one account in your name if you are aged 26 years or under and live in the UK.
7. We will recognise and act on your instructions if it is satisfied that they have attained 8 years of age and once you have satisfied our requirements (ie proof of age and identification). Where an existing operator exists, you can transact without the operator's permission subject to our requirements being met. The operator can continue to transact as well as you unless you specifically request that the operator be removed.
8. Withdrawals can be made by cash (up to £250 per day at any branch), cheque or transfer to other Skipton accounts. Withdrawals through our Principal Office may only be made by cheque or transfer.
9. To have your interest paid gross (ie without having tax deducted) you need to complete an HM Revenue and Customs Form R85. If an R85 is not submitted then interest will be paid less tax at 20%. Request an R85.
10. The Leap Account is a share account which has membership rights. Under the Rules of the Society, members must be 18 years or over and must have a minimum balance of £100 in order to receive voting rights.
11. This account is subject to the Rules of the Society. Copies can be obtained from any branch or our Principal Office.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Gross means the interest paid before the deduction of Income Tax at 20%.

Let us know what you think

Making sure our members are happy matters to us. So if you think we could improve upon 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. Complaints we cannot settle may be referred to the Financial Ombudsman Service.

Apply Now - Print off the application form