Base Rate Tracker Issue 5

• The interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
• Section 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.

• The estimated balance after the fixed term would be £1,103 assuming that;
  • the account is opened with £1,000 and interest starts being earned straight away
  • no further deposits or any withdrawals are made
  • the interest is paid annually and added to the account
  • the estimated balance is based on the Bank of England Base Rate as at 16/11/2023 and does not take into account any changes to this rate during the term of the account.

Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.

• This account is open to UK residents aged 16 or over and can be opened and managed online, in branch, over the phone, by post or in branch.
• For each means of accessing your account you wish to use, you will be required to set up appropriate security and access measures.
• To open and operate the account a valid email address must be provided.
• You can save from £1 up to £1 million per account.
• Joint accounts are allowed. If you wish to open a joint account online, this is only possible through Skipton Online. They cannot be opened through the Skipton app.

• Yes, subject to you setting up the relevant security measures you can withdraw online, via any branch, by post or over the telephone. You don’t need to give us notice and there are no penalties.
• At the end of the 24 month term, which is also known as ‘maturity’, unless you tell us otherwise, your 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. We’ll contact you before maturity and you can find out more about the maturity process in condition 8.0 of the further terms and conditions.

• AER stands for Annual Equivalent Rate and 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 the future.
• Accounts can be withdrawn from sale at any time and without notice.