Up to 4.99% gross pa/AER Variable
Please note:
Before opening an account, please ensure that you read:
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 our Principal Office.
Further terms and conditions for the Direct 30 Account
- Interest rates are variable.
- We guarantee that the rates of interest on this product will never fall more than 1% below the Bank of England base rate (1.25% for the monthly income option) (“the minimum guaranteed rates”). If the minimum guaranteed rates are in force, any new interest rates will become effective 14 days from the day after a subsequent Bank of England base rate change.
- Cheque withdrawals will be payable to the account holder(s). BACS† withdrawals will be issued only to the account holder’s bank account.
- Transfers are allowed to and from other Skipton Building Society accounts, providing that a minimum of £500 is transferred at each transaction.
- Please note that once the account has been put on notice, even if no funds are subsequently withdrawn, it will still count as one notice period. Notice is effective 30 days after we receive your withdrawal request.
- All transfers to and from other Skipton accounts (where applicable) are subject to the terms and conditions of those accounts.
- Should your balance fall below the minimum operating balance of £10,000 the account will be closed and the balance, with any interest due, will be returned to you.
- (i) For the annual interest option, interest will accrue on a daily basis and will be added to your account or paid into your bank account at midnight 31 March each year. (ii) For the monthly interest option interest will accrue on a daily basis and will be paid into a bank account on the first working day of each month (except January when interest will be paid on the second working day).
- Direct 30 is a share account which confers membership rights and is subject to the Rules of the Society. Copies of the Rules can be obtained from any branch or from our Principal Office.
AER stands for Annual Equivalent Rate and illustrates what the rate would be if interest was paid and added each year.
Gross means the interest paid before the deduction of income tax at 20%.
†BACS – Bank Automated Clearing System.
Let us know what you think
Making sure our members are happy 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. Complaints we cannot settle may be referred to the Financial Ombudsman Service.
Print off an application form