If you like the idea of tax free savings and you want the reassurance of a fixed rate of interest, our Fixed Rate Cash ISAs are well worth a look.
An Online Fixed Rate Cash ISA meets your needs if:
- You have savings which you don’t need immediate access to
- You want the security of a fixed rate of interest guaranteed for the term of the investment, rather than a variable rate which can move up and down
- You want to choose between leaving your interest to build up the value of your ISA or receiving your interest monthly
- You want to open and manage your account online.
Key features of our Online Fixed Rate Cash ISAs include:
- A minimum opening and operating balance of just £500
- Once opened, you can invest your 2012/2013 tax year allowance of £5,640 until the product becomes closed to investments, which may be at any time and without notice.
- You can only invest in subsequent tax years where the product has not become closed to investments.
- Payments into your account can be made by cash (branch only), debit card, cheque, internal transfer from an existing Skipton Building Society account or electronic payment from another bank or building society. Annual subscriptions must always be transferred in full for the current tax year.
- Full balance withdrawals, including transfers to other ISA managers, and subsequent closure of you account can be made subject to the loss of 180 days interest (240 days for the 5 Year term). The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account. This means that you may get back less than you paid in.
||Apply Online Now
||Terms & Conditions
|Online 2 Year Fixed Rate Cash ISA
to 11 June 2015
||2.00% tax free pa/AER
||1.98% tax-free pa/2.00% AER
|Online 5 Year Fixed Rate Cash ISA
to 11 June 2018
||2.40% tax free pa/AER
||2.37% tax-free pa/2.40% AER
Choose how your interest is paid
The interest you earn on a daily basis can, at your request, be paid into your account. Alternatively, you can have your interest paid into another suitable Skipton account, or other bank account.
If you want to transfer in funds from existing providers please see our Transferring your ISA to us page, which provides a step by step guide and full details.
What happens on maturity of your new ISA?†
We will contact you with your maturity notice at least 14 days prior to the maturity date of your ISA to explain the options open to you.
These will include:
- Continue your investment in a new Online 1 Year Fixed Rate ISA* (the 'do-nothing' option);
- Transfer your investment into an alternative Fixed Rate ISA;
- Transfer to an easy access ISA;
- Add extra funds to the above three options;
- Withdraw your funds (in full or in part).
If you 'do-nothing' we will add any interest due to your account and we will contact you within seven days of your bond maturity to confirm your investment. You will have 21 days from maturity to cancel this investment.
Where our 'do-nothing' option applies your investment will continue in a 1 Year Online Fixed Rate ISA. No partial withdrawals are permitted. You can withdraw or transfer out the full balance and close your account subject to 180 days’ loss of interest. If you decide to close your ISA you will lose your ISA allowance on the funds invested. If you do require access to your savings during the fixed rate term please contact us to discuss other ISAs and savings products which may better suit your needs.
If the ‘do-nothing’ option applies, the Further terms and conditions shall continue to apply, as well as the general Investment Account Terms and Conditions except that the rate of interest, the date that interest will be applied to your account and the minimum and maximum investment limits may differ. Should your investment balance on maturity fall outside the minimum or maximum investment limits, you will be able to continue your existing investment. Any new transactions will be subject to these limits.
† The exact maturity date of your Fixed Rate Cash ISA will be confirmed in your maturity notice.
Tax free means the interest paid where interest is exempt from Income Tax.