16 Month Fixed Rate Bond Issue 126

0.80% gross pa/AER fixed
(Annual interest)

Ready to apply?

This account may be right for you if:

  • you want a fixed rate of interest that's guaranteed for the fixed term
  • you don't want to continue to pay in after the first seven days from account opening
  • you don’t want to withdraw money before the end of the fixed term

This product transfers into a 1 year fixed rate bond when the fixed term ends, unless you choose otherwise.

Summary Box

Account name 16 Month Fixed Rate Bond Issue 126
What is the interest rate?
Annual Interest 0.80% gross 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? The interest rate is fixed for the term of this account.
What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?
  • The estimated balance after the fixed term would be £1,010 assuming that:
    • the account is opened with £1,000 and interest starts being earned straight away
    • no further deposits or any withdrawals are made
    • the interest is paid annually and on maturity added to the account.
  • 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 UK residents aged 16 or over, and can only be opened and managed in any of our branches, by post or over the phone.
  • You can pay in for seven days after the date of your account opening. After this your account may be closed to further deposits at any time and without notice.
  • You can save from £1,000 up to £1 million per account.
  • Joint accounts are allowed.
Can I withdraw money?
  • No, you can't withdraw money until the end of the fixed interest rate term, which is also known as 'maturity'.
  • At maturity your account will automatically transfer into a new 1 year fixed rate bond, unless you tell us otherwise, and you'll have 21 days to change your mind.
  • We'll contact you before maturity and you can find out more about the maturity process in condition 8 of the further terms and conditions.
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.
  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

Proving your Identity

If you are not an existing customer of the Society, we will require identification to open the account. If you're opening your account in branch, please bring proof of ID as set out in our Proving your identity document [PDF].

If you’re 18 or over and on the electoral roll for your current address we may be able to verify your identification electronically, to do this please call us on 0345 850 1722 and we’ll let you know straight away if you’ve passed our checks. If we can’t verify your identity electronically, or if you're under 18, you’ll need to provide us with proof of ID as set out in our Proving your identity document [PDF].

Terms and Conditions

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

Application Forms

How to apply

Branch

Visit your local branch for further information and to open this account.

Phone

This account can be applied for over the phone. You can call us or arrange for us to call you back.

Mon-Thurs
8am - 8pm
Fri
8am - 5:30pm
Sat
9am - 12pm

Post

Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
Skipton
BD23 1DN

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

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
Version Info: