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1 Year Base Rate Tracker Bond

Earn 4.00% AER variable on your savings

  • 4.00% gross pa/AER variable (annual interest)
Summary Box Apply Online

1yrBRTB

This account might be right for you if you:

  • have a lump sum of at least £500 to deposit and you don't want to continue to pay in after 06/04/2026.
  • are happy with a variable rate of interest that will go up or down in line with changes to the Bank of England Base Rate for 12 months.
  • don’t need access to your savings during the fixed term.
  • are aged 16 and over.

Summary Box

It is important that you read all parts of the Summary Box before you apply.

Account Name

1 Year Base Rate Tracker Bond

What is the interest rate?

Balance:

£500+

Annual interest:

4.00% gross pa/AER

  • The rate of interest is guaranteed to track 0.25% above the Bank of England Base Rate for 12 months from the first payment into the account. To monitor the Base Rate visit bankofengland.co.uk.
  • This account earns interest daily and it's added to the account the day before the anniversary of account opening. There is no monthly interest option available.
  • If you ask us to pay interest to a different account, we'll pay it on the first business day after the day we'd have added it to this account. Business days exclude Saturday, Sunday and bank holidays.
  • Interest due in the first three days of the new tax year may arrive up to three business days later.

Can Skipton Building Society change the interest rate?

  • Yes, the interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
  • If the Bank of England Base Rate changes, the new interest rate on the account will apply without notice, no more than 14 days after the change is effective.
  • Section 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.

What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?

Opening balance:
£1,000

Estimated balance after 12 months:
£1,040

The estimated balance above assume that:

  • the account opened with £1,000 and starts earning interest straight away
  • no further deposits or withdrawals are made
  • the interest is added to this account
  • the estimated balance is based on the Bank of England Base Rate as at 03/03/2026 and does not take into account any changes to this rate during the term of the account.

Estimated balances are for illustrative purposes only. They may be less for accounts opened by debit card or cheque, because interest won't be earned until the account receives the deposit.

How do I open and manage my account?

  • This account is only available to UK residents aged 16 or over.
  • To open and manage this account, a valid email address must be provided.
  • You can open and manage it through Skipton Online, in the Skipton App, in branch, by post or by phone. You may be required to set up appropriate security and access measures, and these might differ depending on how you choose to manage the account.
  • The minimum opening and operating balance for this account is £500.
  • The minimum operating balance must be met for interest to be earned.
  • Any payments into this account need to be received on or before 06/04/2026. After this, the account will be closed to payments in.
  • The maximum balance for this account is £1 million.
  • Joint accounts are allowed, but cannot be opened in the Skipton App.

Can I withdraw my money?

  • You’ve 14 days from when you open the account to notify us if you wish to cancel the account.
  • You can’t withdraw money until the end of the fixed term.
  • At the end of the fixed term, which is known as ‘maturity’, the account will automatically transfer into a new easy access account, which has a variable rate of interest and doesn’t track the Bank of England Base Rate, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in term 9 of the further terms and conditions.

Additional information

  • The Annual Equivalent Rate (AER) shows what the interest rate would be if interest was paid and added each year.
  • We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.
  • Accounts can be withdrawn from sale at any time and without notice.

Ready to apply?

You are applying for: 1 Year Base Rate Tracker Bond

Apply Online

Apply in branch

If you'd like to open your account in branch, to avoid disappointment we recommend you call 0345 850 1722 to set up an appointment at a time and date to suit you.

Find a branch

Apply over the phone

You can open this account over the phone.

Call us on 0345 608 0783

Apply by post

Download the form below and post it to us.

Savings Operations
Skipton Building Society
The Bailey
Skipton
BD23 1DN

Savings Account Application Form [PDF]

You're protected up to £120,000

Your eligible deposits with Skipton Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS protected