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Single Access Saver

Earn 3.65% AER variable on your savings

  • 3.65% gross pa/AER variable
Summary Box Apply Online

SASaver

This account might be right for you if you:

  • are happy with a variable rate of interest that can go up or down.
  • are happy to accept limited access to your money with one withdrawal per yer.
  • you don't want to save more than £100,000.
  • are aged 16 or over.

Summary Box

It is important that you read all parts of the Summary Box before you apply.

Account Name

Single Access Saver

What is the interest rate?

Balance:

£1+

Annual interest:

3.65% gross pa/AER

  • This account earns interest daily and it’s added to the account the day before the anniversary of account opening. There is no monthly interest option available.
  • If you ask us to pay interest to a different account, we’ll pay it on the first business day after the day we’d have added it to this account. Business days exclude Saturday, Sunday and bank holidays. Interest due in the first three days of the new tax year may arrive up to three business days later.

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.
  • 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?

Opening balance:
£1,000

Estimated balance after 12 months:
£1,036

The estimated balance above assumes that:

  • the account is opened with £1,000 and starts earning interest straight away.
  • no further deposits or withdrawals are made.
  • the interest is paid annually.
  • the interest is added to this account.
  • there is no change to the interest rates stated.

Estimated balances are for illustrative purposes only. They may be less for accounts opened by debit card or cheque, because interest won’t be earned until the account receives the deposit.

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 by 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 £100,000.
  • Joint accounts are allowed, but cannot be opened in the Skipton App.

Can I withdraw my money?

  • Yes, you can make one withdrawal 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 one withdrawal 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 by phone.
  • If you withdraw by electronic payment, this must be 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.

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.

Ready to apply?

You are applying for: Single Access Saver

Apply Online

Other ways to apply

If you prefer to open this savings account a different way, we offer a range of options.

  • In branch: Pop to your nearest branch
  • Over the phone: Call us on 0345 608 0783
  • By post: Download an application form [PDF] and post it to us
    Savings Operations
    Skipton Building Society
    The Bailey
    Skipton
    BD23 1DN
Man in wheelchair looking at tablet

You're protected up to £120,000

Your eligible deposits with Skipton Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS protected