3 Year Fixed Rate Bond

This account might be right for you if:

  • you have a lump sum to invest
  • you want a fixed rate of interest that's guaranteed for the fixed term
  • you don't need immediate access to your savings.

This account might not be right for you if:

  • you want to continue to pay in after the first 7 days of account opening
  • you want to withdraw money before the end of the fixed term
  • you want to open and manage your account online.

Summary Box

Account name

3 Year Fixed Rate Bond Issue 80

What is the interest rate?

Balance Annual Interest
(tax free pa)
Monthly Interest
(tax free pa)
(tax free pa)
£500 - £19,9991.70% gross pa1.69% gross pa1.70%
£20,000+1.80% gross pa1.79% gross pa1.80%
  • Annual Interest Rate
    Interest is earned daily and paid on the anniversary of account opening.
  • Monthly Interest Rate
    Interest is earned daily and each month's interest is paid on the same date your account was opened or the last day of the month if shorter.

    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 rates are fixed for the term of this account. This means we won't change the interest rates, but if your account balance increases and you become eligible for the higher interest rate, this will be applied to your account for the remainder of the fixed term.

What would the estimated balance be at the end of the fixed term?

Based on a deposit of Projected balance
£1,000 £1,051
£20,000+ £21,099

The estimated balance projections assume that;

  • the account is opened with the amount stated 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.

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.
  • The first payment into the account can be in cash (branch only), by cheque, debit card or transfer from another Skipton account. After that, you can also pay in by electronic payment (but not Direct Debit). 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 £500 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. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better the return on your savings.
  • 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.

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.


For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/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.

Need help?

If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

Call us on 0345 850 1722
Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.


Things to know before you apply

  • This account can only be opened and managed in branch or by post.

If you are a new customer - where possible, we use an electronic verification system to verify your identity and address, however we can't do this for postal applications, for children under 18 in England, or if you are not on the electoral roll for your current address. For full ID requirements please see our Proving your identity [PDF] document.

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.

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

Branch finder

This account can be opened by post, download the paper application form below and return with your cheque to the address shown.

Return your form to:

Customer Delivery
Skipton Building Society
The Bailey
North Yorkshire
BD23 1DN

This account can be applied for over the phone. You can call us or arrange for us to call you back. After you call we will send you pre-completed forms to sign and return.

Call Skipton Direct

Mon - Thurs
8am - 8pm
8am - 5.30pm
9am - 12pm

Phone 0345 850 1722

Callback request

If you'd prefer us to call you, simply complete a few details online and we can call you back

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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