Colleague Cash eISA Saver Issue 1

0.85% tax free/AER variable
(Annual interest)

Ready to apply

This account may be right for you if:

  • you're a Skipton Building Society Group employee, or their spouse/partner
  • you're happy with a variable rate of interest that can go up or down
  • you'd like easy, flexible access to your money without effecting your ISA allowance
  • you want to be able to transfer in ISA savings from previous tax years.

Summary Box

Account name Colleague Cash eISA Saver Issue 1
What is the interest rate?
Annual Interest 0.85% tax-free 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.
  • The estimated balance after 12 months would be £1,008 based on the following assumptions:
    • The account is opened with £1000 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.
How do I open and manage my account?
  • This account is available to Skipton Building Society Group employees (or their spouse/partner) aged 16 or over and can only be opened and managed online.
  • You can deposit from £1 up to your total ISA allowance each tax year (£20,000 for 2019/2020 and £20,000 for 2020/2021), plus any ISA transfers up to a maximum of £1 million.
  • No joint accounts allowed.
Can I withdraw money?
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest would be if interest was paid and added each year.
  • All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in future.
  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

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

You can apply for this account securely online. If you haven't already registered with Skipton Online, we will set up your online access as part of this process. You'll need to install the Skipton mobile app on a mobile device. Without this you won't be able to carry out certain transactions on the account, either through the mobile app or through Skipton Online.

Please note: from 20 April 2020 all electronic payments (including CHAPS) must be to an account in your own name and we’ll verify this for new nominated accounts and CHAPS payments.

Ready to apply?

Pay my interest annually

0.85% tax free/AER variable
(Annual interest)

Apply online (annual interest)

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 ec.europa.eu/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.

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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