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2 Year Base Rate Tracker Bond Issue 1

5.25% gross pa/AER variable
(Annual Interest)

Ready to apply?

This account may be right for you if you:

  • are happy with a variable rate that will go up or down in line with changes to the Bank of England Base Rate for 2 years
  • have a lump sum of at least £500 to deposit and you don't want to continue to pay in after 06/03/24
  • don't need access to your savings during the fixed term
  • are aged 16 or over

Summary Box

Account name 2 Year Base Rate Tracker Bond Issue 1
What is the interest rate?
Annual Interest

5.25% gross pa/AER

  • The rate of interest is guaranteed to track at the Bank of England Base Rate for 2 years. To monitor the Base Rate, visit
  • This account earns interest daily. If you choose annual interest, it’s added to the account the day before the anniversary of account opening.
  • If you ask us to pay interest to a different account, we’ll pay it on the first working day after the day we’d have added it to this account. Working days exclude Saturday, Sunday and bank holidays.
Monthly Interest: No monthly interest option available.
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 your 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?
  • The estimated balance at the end of the fixed term would be £1,107 based on the following assumptions:
    • the account is opened with £1,000 and starts earning interest straight away
    • no further deposits or withdrawals are made
    • the interest is paid annually
    • the estimated balance is based off the Bank of England Base Rate as at 08/02/2024 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 your account receives the deposit.
How do I open and manage my account?
  • This account is 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 phone. You’ll be required to set up appropriate security and access measures. These might differ depending on how you choose to manage the account.
  • The minimum opening and operating balance for this account is £500.
  • Any payments into this account need to be received on or before 06/03/2024. After this, the account will be closed to future 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 money?
  • You can’t withdraw money until the end of the fixed term.
  • At the end of the fixed term, which is known as ‘maturity’, your account will automatically transfer into a new variable rate easy access account which 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 10.0 of the further terms and conditions.
Additional information
  • The 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.

Before you apply

It is important that you read the terms and conditions documents carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

We’ll set up your Skipton Online access as part of your secure online application, if you haven’t already registered.

Ready to apply?

Pay my interest annually

5.25% gross pa/AER variable
(Annual Interest)

Apply online

Other ways to apply

You need to have an active email address to open this account. If you don't have one, speak to us over the phone or in branch to find an account that's right for you.


If you'd like to open your account in branch, please contact your local branch to arrange an appointment. Branch finder.


You can apply for this account over the phone. Call us on 0345 608 0783.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
Principal Office
The Bailey
North Yorkshire
BD23 1DN

General investment account application form [PDF]

Proving your identity

We may require identification to open the account. If you're 18 or over and on the electoral roll for your current address we may be able to verify your identification electronically, to do this please call us on 0345 608 0783 and we'll let you know straight away if you've passed our checks.

If we can't verify your identity electronically, or if you're under 18, you'll need to provide us with proof of ID as set out in our Proving your identity document [PDF].

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 608 0783, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.

You're protected up to £85,000

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS - Protecting Your Money
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