18 Month Fixed Rate E-Bond Issue 116

1.15% gross pa/AER fixed
(Annual interest)

Ready to apply?

This account may be right for you if:

  • you have a lump sum to invest and you don't want to continue to pay in after the first 7 days of the account opening
  • you want a fixed rate of interest that's guaranteed for the fixed term
  • you don't want to withdraw money before the end of the fixed term.

Summary Box

Account name 18 Month Fixed Rate E-Bond Issue 116
What is the interest rate?
Annual Interest 1.15% gross pa/AER
Interest is earned daily and paid on the anniversary of account opening.
Monthly Interest:

No monthly interest option available.

For balances eligible for higher rates of interest, the higher rate applies to the total balance.

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?
  • The estimated balance after 18 months would be £1,017 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 on maturity and added to the account
  • 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 UK residents aged 16 or over and can only be opened and managed online.
  • You can pay in for seven days from 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 E-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

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: when your account matures, 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?

Annual interest

1.15% gross pa/AER fixed
(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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