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Community Saver Issue 10

3.65% gross pa/AER variable
(Annual Interest)

Ready to apply?

This account might be right for you if:

  • you're happy with a variable rate of interest that can go up or down
  • you're saving for a club, society, association, church or charity which isn't a corporate body
  • you'd like an account with easy access.

Summary Box

Account name Community Saver Issue 10
What is the interest rate?
Annual Interest 3.65% gross pa/AER
Interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: 3.59% gross/3.65% AER
Interest is earned daily and each month's interest is paid on the same date your account was opened or the last day of the month if shorter.
Can Skipton Building Society change the interest rate?
  • Yes, the interest rate is variable, so it can go up or down.
  • Section 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • If you have at least £100 in your account we'll notify you in advance if we intend to reduce your interest rate.
What would the estimated balance be after 12 months based on a £1,000 deposit? The estimated balance after 12 months would be £1,036, 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 interest rate stays the same for the full 12 months.
Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.
How do I open and manage my account?
  • This account is available to UK residents aged 18 or over. It's not for corporate bodies or business traders.
  • You can open and manage this account in any of our branches or by post.
  • You can have up to four people acting as signatories or trustees for the account.
  • You can save from £1 up to £1 million per account.
Can I withdraw money?
  • Yes, you can withdraw in branch or by post. You don't need to give us any notice and there are no penalties.
Additional information
  • 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  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

Proving your Identity

We may require identification to open the account. If you're opening your account in branch, please bring proof of ID as set out in our Proving your identity document [PDF].

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].

We’ll also need a signed mandate from the club or charity’s representatives on their letterhead confirming who can hold and manage the account. In some circumstances we may need to ask for more information.

Terms and Conditions

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

Application forms

How to apply

Branch

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

Post

Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
Skipton
BD23 1DN
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We always listen to you

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.

www.financial-ombudsman.org.uk

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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To help maintain service and quality, some telephone calls may be recorded and monitored.

Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice.
Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.

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