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Branch Double Access Saver Issue 1

1.56% 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 happy to accept limited access to your money, with up to two withdrawals per year
  • you have a minimum of £10,000 to open the account.

Prefer to open and manage your account online?

We have an online option that you can manage in branch and over the phone too, which may be of interest.

Double Access Saver

Summary Box

Account name Branch Double Access Saver Issue 1
What is the interest rate?
Annual Interest 1.56% gross pa/AER
Interest is earned daily and paid on the anniversary of account opening.
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.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • If we intend to reduce your interest rate, we’ll notify you in advance.
What would the estimated balance be after 12 months based on a £10,000 deposit? The estimated balance after 12 months would be £10,156 based on the following assumptions:
  • the account is opened with £10,000 and interest starts being earned straight away
  • no further deposits or 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 only available to UK residents aged 16 or over and can be opened and managed in any of our branches, by post or by phone (a working email address is required when opening by phone).
  • You can save from £10,000 up to £1 million per account.
  • Joint accounts are allowed.
Can I withdraw money?
  • Subject to the £10,000 minimum operating balance, you can make up to two withdrawals per year from the date of account opening, by phone (if you've set up telephone access), in branch or by post.
  • If you need to make more than two withdrawals within the same year, you can do so by closing the account.
  • You don’t need to give us notice and there are no penalties for withdrawals.
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].

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

Find your local branch


This account can be applied for over the phone. You can call us or arrange for us to call you back.

8am - 6pm
8am - 5:30pm
9am - 12pm


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

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.

Financial Services Compensation Scheme

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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