eSaver

This account might be right for you if:

  • you're happy with a variable rate of interest that can go up or down
  • you'd like easy access to your money
  • you want to open and manage your account online.

This account might not be right for you if:

  • you want to open and manage your account in branch, by post or by phone
  • you want to save more than £1 million
  • you want the security of a fixed rate that's guaranteed for a set amount of time.

Summary Box

Account name eSaver Issue 9
What is the interest rate?
Annual Interest 0.90% 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 you have at least £100 in your account we'll notify you before any drop in 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 £1,009, 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 16 or over and can only be opened and managed online.
  • The first payment into the account can be by debit card, internal transfer from another Skipton account or electronic payment (but not direct debit) from another UK bank or building society. After that, you can also pay in by cash (in branch only, and we’ll need to see some photographic ID for the first cash payment), cheque (in branch or by post) or by standing order.
  • You can save from £1 up to £1 million per account.
  • Joint accounts are allowed.
Can I withdraw money?
  • Yes, you can withdraw money or close the account online. You don’t need to give us notice and there are no penalties.
  • For security reasons, you can’t withdraw or close within 14 days of us receiving your first payment. This applies to both new and existing customers.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better the return on your savings.
  • 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.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722, 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

For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/odr/. As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.

Need help?

If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

Call us on 0345 850 1722
Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.

Apply

Things to know before you apply

  • This account can only be opened and managed online.

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.

By completing an online application, you explicitly consent to us accessing, processing and retaining any information you provide to us for the purposes of providing payment services to you (electronic payments into or out of your account). This does not affect any rights and obligations you or we have under data protection legislation. You may withdraw this consent. If you do this, we will stop using your information for this purpose, but may continue to process information about you for other purposes where we are required or allowed to by law.

You can apply for this account securely online. If you are not an existing Skipton Online customer, we will set up your online access as part of this process.

Annual interest option

  • 0.90% gross pa/AER variable

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
Version Info: