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2 Year Fixed Rate Cash ISA Issue 232.5

4.80% tax-free pa/AER fixed
(Annual Interest)

Ready to apply?

This account may be right for you if:

  • you want to be able to transfer in ISA savings from current or previous tax years
  • you have a lump sum of at least £500 to deposit and you don't want to continue to pay in after 13/12/2023
  • you don’t want to withdraw money before the end of the fixed term

If you close your account early you will incur an interest penalty so you may get back less than you paid in.

Unless you tell us otherwise, when the fixed term ends this product transfers into a 1 year Cash ISA with a fixed rate of interest.

Summary Box

Account name 2 Year Fixed Rate Cash ISA Issue 232.5
What is the interest rate?
Annual Interest 4.80% tax-free pa/AER
Interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: 4.70% tax-free/4.80% AER
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.
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 at the end of the fixed term would be £1,098 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 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 open to UK residents aged 16 or over and can be opened and managed online, in branch, by phone or by post.
  • For each means of managing your account you wish to use, you’ll be required to set up appropriate security and access measures.
  • To open and operate the account a valid email address must be provided.
  • Up until 13/12/2023 you can:
    • deposit up to your total ISA allowance (£20,000 for the 2023/24 tax year)
    • make requests for ISA transfers in (either from existing ISAs with Skipton or from other providers). For ISA transfer in requests to be accepted, funds must be available for transfer before this account becomes closed to payments in.
  • After this your account will be closed to further deposits and additional requests for ISA transfers in. If we don't receive your first payment in or an instruction for an ISA transfer in before this date, the account will not be open.
  • You can find information on how to transfer an existing ISA into this account in the 2 Year Fixed Rate Cash ISA key features and account terms and conditions.
  • You can save from £500 up to £1 million.
  • No joint accounts allowed.
Can I withdraw money?
  • From account opening, you have 14 days to notify us (in writing, in branch, or by phone) if you wish to cancel your account.
  • You can’t withdraw part of your account balance, however you can close your account at any time and withdraw the full balance online, in branch, over the phone or by post, subject to you setting up the relevant security measures. You can also transfer it to another ISA.
  • If you do this after the 14 day cancellation period, you’ll lose 180 days’ interest. This will be taken from your savings if you haven’t earned enough interest on the account and means you might get back less than you paid in.
  • At the end of the fixed interest rate term, which is also known as 'maturity', your account will automatically transfer into a new 1 year fixed rate Cash ISA, 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 would be if interest was paid and added each year.
  • All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in 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 conditions 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.

We’ll set up your Skipton Online access as part of your secure online application, if you haven’t already registered.

Ready to apply?

4.80% tax-free pa/AER fixed
(Annual Interest)

Apply online (Annual Interest)

4.70% tax-free/ 4.80% AER fixed
(Monthly Interest)

Apply online (Monthly Interest)

Other ways to apply

You need an active email address to open this account. If you don't have one, speak to us over the phone or in branch to find an account that's right for you.


If you'd like to open your account in branch, please contact your local branch to arrange an appointment. Branch finder.


You can apply for this account over the phone. Call us on 0345 608 0783 or arrange a call back.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
Principal Office
The Bailey
North Yorkshire
BD23 1DN
Application forms

Proving your identity

We may require identification to open the account. 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 608 0783 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].

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 608 0783, 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.

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.

Learn more about the FSCS

FSCS - Protecting Your Money
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