Four Access Saver

Account Name

Four Access Saver

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 [PDF] explains why we may change the interest rate.
• If there is at least £100 in the account, we'll notify you in advance if we intend to reduce the interest rate.

How do I open and manage my account?

• This account is only 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 may be required to set up appropriate security and access measures, and these might differ depending on how you choose to manage the account.
• The minimum opening and operating balance for this account is £1. You must keep at least this amount in the account to keep it open.
• The minimum operating balance must be met for interest to be earned.
• Subsequent payments in can be made from £1.
• 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?

• Yes, you can make four withdrawals per year (from the date of account opening) subject to the minimum operating balance.
• The minimum withdrawal amount is £1. You don’t need to give us notice and there are no penalties.
• If you need to make more than four withdrawals in the year, you can only do this by closing your account.
• As long as you’ve set up the relevant security and access measures, you can withdraw through Skipton Online, the Skipton App, in branch, by post or phone.
• If you withdraw by electronic payment, this must be made to a UK bank or building society account in your own name(s). We won’t make an electronic payment to any other type of account.
• At the end of the 12 month term, which is known as ‘maturity’, the account will automatically transfer into a new easy access account, which has a variable rate of interest, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in term 9 of the further terms and conditions.

Additional information

• The Annual Equivalent Rate (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.