Currently 6.80% gross pa / 6.98% AER Variable
For your peace of mind next Christmas
Christmas comes early
Start preparing for next Christmas now with a Skipton Building Society Christmas Saver Account. Whether it's for your Christmas spread, presents for the grandchildren or
a gift for that special someone, money is often an issue at Christmas. With Skipton's Christmas Saver Account, your money is working hard, and is safe and secure until it's time to go shopping.
At Skipton, we think your savings should work as hard as you do. Put away between £10 and £250 every month between now and 24 November 2008 and you'll be earning interest at a variable rate, currently 6.80% gross pa (AER variable dependent on the date you opened the account - see table). What's more, we'll keep your money safe and secure until 25 November 2008.
How it works
- Accounts must be opened face-to-face at a branch or through Skipton Direct.
- You can open your account with anything between £10 and £250.
- You can pay in between £10 and £250 per month, whatever amount suits you. This amount can be varied each month as long as you pay the minimum of £10 each month.
- You cannot make withdrawals. If you do need to access your money earlier than 25 November 2008, then your account may be closed. Accrued interest will be paid to the date of closure.
- Interest will be capitalised on the account at midnight 24 November 2008 and this, plus the account balance, will be transferred into our Instant Access Account. Cash withdrawals from the Instant Access Account are limited to £250 per day.
- The interest rate on our Instant Access Account is from 1.25% gross pa/AER to 3.05%
gross pa/AER depending on the amount you invest.
Your interest
As illustrated below, the AER is slightly higher than the annual interest rate as we are capitalising your interest early, depending on when you open your account. For example, if you open your account in July 2008, interest is capitalised after
four months, and if you open your account in September 2008, interest is capitalised after two months, which increases the AER further.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
| Month account opened |
Interst Rate (variable) |
AER |
|
August |
6.80% |
6.98% |
|
September |
6.80% |
7.00% |
|
October |
6.80% |
7.02% |
A great rate
We're always striving to bring you the best possible rates and products, and our fantastic Christmas Saver Account's current rate of 6.80% gross pa is extremely attractive. Our high interest rate means your money will work harder while you rest easy and prepare for a stress free Christmas 2008.
How you benefit
With a Christmas Saver Account you can be organised for Christmas 2008. Add to your account each month and watch your savings grow. Here's everything you need to know to ensure a merry Christmas for you and your family:
- Special interest rate currently 6.80% gross pa (AER variable dependent on date account opened - see table).
- Easy access before Christmas gives you plenty of time to plan your perfect Christmas.
- Security and peace of mind when you need it most.
- Make as many payments in as you like, providing they meet the minimum and maximum monthly amount requirements.
- For your convenience you can make transactions by cash, cheque or standing order (credits only).
- Your money stays invested until 25 November 2008 to ensure you get the most out of your savings.
- Access your money from 25 November 2008 when interest has been capitalised then transferred automatically into our Instant Access Account. You'll be prepared for the festive season.
For peace of mind next Christmas, talk to one of our advisers in your local branch today.
Ready to open a Christmas Saver Account?
To apply for a Christmas Saver Account read the further terms and conditions and visit your local branch for an application form.
To speak to your local Branch 08457 171777*