- have continuously held a Skipton mortgage or savings account, starting on or before 13/08/2025, but want to save more with Skipton by bringing in new funds that aren't currently held in a Skipton savings account.
- have a lump sum of at least £500 to deposit.
- want a fixed rate of interest that's guaranteed for the fixed term.
- don't want to continue to pay in after 15/10/2025.
- don't want to pay in more than £20,000.
- don’t need access to your savings during the fixed term.
- are aged 16 or older.
Summary Box
It is important that you read all parts of the Summary Box before you apply.
Account Name
1 Year Save More Member Bond
What is the interest rate?
Balance:
£500+
Annual Interest:
4.15% gross pa/AER fixed
- The fixed rate term begins from the first payment into the account.
- 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?
- The interest rate is fixed for the term of the account.
What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?
Opening balance:
£1,000
Estimated balance after fixed term:
£1,041
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.
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, who hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 13/08/2025 with a minimum balance of £1.
- 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 £500.
- The minimum operating balance must be met for interest to be earned.
- You can only pay funds into this account that aren't already held in a Skipton savings account and any payments into this account need to be received on or before 15/10/2025. After this, the account will be closed to payments in.
- The maximum balance for this account is £20,000.
- Joint accounts are not allowed.
- You can only hold one 1 Year Save More Member Bond Issue 2 in your name at any one time (either a Save More Member Bond or a Branch Save More Member Bond).
Can I withdraw my money?
- You've 14 days from when you open the account to notify us if you wish to cancel the account.
- You can’t withdraw money until the end of the fixed term.
- At the end of the fixed term, which is known as ‘maturity’, the account will automatically transfer into a new 1 year fixed rate bond, 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.
Before you apply:
- You need an active email address to open this account. If you don't have one, call us or visit your local branch to discuss your options.
- You may need to prove your identity – to find out more about this, please read How to prove your name and address [PDF]
- Read these documents in full:
You're protected up to £85,000
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.
