Employee E-Saver Issue 3

    Our Employee eSaver could be right for you if:

    • You're a Skipton Building Society Group employee, or their spouse/partner.
    • You want to open and manage your account online, and you'd like easy access to your money.
    • You're happy with a variable rate of interest that can go up or down, rather than a fixed rate that's guaranteed for a set amount of time.
    More details

    Summary Box

    Summary Box

    Account name Colleague eSaver Issue 6
    What is the interest rate?
    Annual Interest 1.00% gross pa/AER
    Interest is earned daily and added to your account at midnight on the anniversary of the date your account was opened.
    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.
    • You'll find full details of this and the reasons why we might change the interest rate in section 22 of our Savings Account Terms and Conditions.
    • If the interest rate ever goes down, we'll always write to you in advance to let you know as long as you have at least £100 in your account.
    What would the estimated balance be after 12 months based on a £1,000 deposit?
    • The estimated balance after 12 months would be £1,010 based on the following assumptions:
      • £1,000 is paid in when the account is opened 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 Skipton Building Society Group employees (or their spouse/partner) 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 £1,000,000 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 in the first 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. 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. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better the return on your savings
    • It's worth noting that any of our accounts can be withdrawn from sale at any time and without notice.

    Important information

    With our Employee E-Saver account you not only have the flexibility to withdraw funds without any penalties, you are also able to make multiple subsequent investments enabling you to manage your funds easily.

    Please note that for security reasons, online withdrawals or closures are not allowed for 14 days after the initial deposit into your account.

    Interest will be added to your account either annually on 31 October or paid monthly on the 31st of each month, or the last day of the month if shorter.

    Alternatively, you can choose to have the interest paid into another suitable Skipton Building Society account or UK building society or bank account. Interest will be paid on the next working day after the date your interest is due (working days exclude Saturdays, Sundays and Bank Holidays).

    When you register, you set up security details which will be used to log on to your account once it is open. Take a look at our Skipton Online information page for information on what we do and what you can do to keep your identity secure.

    Please note the account is only available to you or your spouse/partner whilst you are employed by the Skipton Building Society Group.

    It is important that you read the Employee E-Saver Issue 3 Further Terms and Conditions carefully.

    For full details about our savings accounts you should also read our Investment Account Terms and Conditions.

    These contain the details of your agreement with us for this account and we will rely on them for our dealings with you.

    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.



    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

    • 1.00% gross pa/AER variable

    This account can only be opened online. 

    Please ensure you read the account terms and conditions and the Investment Account Terms and Conditions which can be found below, before proceeding with the account opening. It is important that you read the terms and conditions carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

    Need help?

    Phone Call Skipton Direct: 0345 850 1722

    8am - 8pm
    8am - 5.30pm
    9am - 12pm
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