Helping you to understand savings

Whatever you’re saving for and whatever type of saver you might be, we are committed to giving you the opportunity to think clearly about saving, explore your options and find the right blend of savings accounts for you.

What you’re saving for will indicate which savings products are likely to be best suited to achieving your goals. Here at Skipton, there are plenty of choices to consider and we can help find the most suitable option for you from our range, so that your money is in safe hands.

Understanding the types of accounts

When saving, it's wise to take a balanced approach. The four main savings options below offer different levels of access and interest, which we can help you to weigh up in order for you to decide how to best achieve your goals.

Whatever you choose, you should make sure you have an easy access emergency fund in case the unexpected happens.

Easy Access

Great for you if:

you need access to your savings without notice.

Easy access savings accounts are all about ensuring your savings are available when you need them.

There are no withdrawal restrictions so you can access your money when you need and you can usually make as many payments in as you like up to the maximum balance.

Easy Access accounts

Tax free

Great for you if:

you are a taxpayer and haven't yet utilised your tax free allowance.

Individual Savings Accounts (ISAs) stop the taxman from eating into your savings.

Cash ISAs protect your savings from not only Personal Income Tax but Capital Gains Tax too. Provided your money is in an ISA, you do not need to declare your interest on your tax return.

ISAs are available as easy access and fixed term cash ISAs and while you can always access your money, fixed term cash ISAs come with an interest penalty for early closure.

Lifetime ISAs are treated differently, see our Lifetime ISA page for more information

Cash ISAs

Fixed Term

Great for you if:

you have a lump sum to put away for longer and want the security of a fixed rate of interest.

If you can put your money away for longer and want the security of a guaranteed rate of interest on your savings, our longer term savings options, such as fixed rate bonds could be for you.

There is usually a choice of terms to suit you, and whilst you cannot withdraw your money for the full term of the investment, you will enjoy a fixed interest rate in return.

Fixed Term accounts

Limited Access

Great for you if:

you don't need quick access to your money, so you're happy to give notice for withdrawals. You'll often benefit from a higher rate of interest.

If you don't need quick access to your money you may want to consider our limited access savings options which often benefit from a higher rate of interest than our easy access accounts.

If you need access to your money, you just have to give the agreed amount of notice to withdraw your funds.

Limited Access accounts

Want to talk about investing?

Want to talk about investing?

Investing money is one way you can achieve potentially greater returns over the long term than deposit based savings accounts. Stock market-based investments are not like building society savings accounts as your capital is at risk and you may get back less than you invested. The value of your investments and any income from them may fall as well as rise. Before you invest you should ensure you have sufficient funds for your short and medium term goals in easy access savings accounts and be prepared to invest for at least 5 years. If you’re interested in investing or reviewing your current portfolio, you can meet face-to-face with a Skipton Financial Adviser at your local branch or by video appointment.

Managing your account

After considering the types of savings accounts we offer and how they might fit together the next thing to think about is how you want to open and manage your account. Below are the main channels that we provide. Post is also an option to open some accounts. Please see specific product pages for further information.


If you are over 16 years of age and you would prefer to open and manage your account online, some of our accounts allow you to do this and can be opened and managed through our secure platform Skipton Online.
Online accounts can only be opened and operated online. Please see the account terms and conditions for specifics about online accounts.

More about Skipton Online >


You also have the option to visit your local branch, where you can transact on your branch accounts and speak privately with an adviser who can talk through your savings objectives and advise you on your options.
And because we know many of our members prefer it, passbooks are available on the majority of our branch accounts.

Enter your nearest town or postcode to find your local  branch


With telephone registered accounts (if you are over 16) you can also transact over the telephone with the faster payments system. However, some products can only be opened and managed in branch, so always check specific product information.
Skipton Direct, our phone contact centre, are available to help with account opening, transferring funds and any other queries you may have.

Phone Number: Call Skipton Direct on 0345 850 1722

8am - 8pm
8am - 5.30pm
9am - 12pm
Version Info: