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5 Year Fixed Rate Cash ISA Issue 186

2.10% tax-free pa/AER fixed
(Annual interest)

Ready to apply?

This product might be right for you if:

  • you want a fixed rate of interest that's guaranteed for the fixed term
  • 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 20/07/2022
  • 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.

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

Prefer to open and manage your account online?

We have an online product that may be of interest

5 Year Online Fixed Rate Cash ISA

Summary Box

Account name 5 Year Fixed Rate Cash ISA Issue 186
What is the interest rate?
Annual Interest 2.10% tax-free pa/AER
Interest is earned daily and paid on the anniversary of account opening and on maturity.
Monthly Interest: 2.08% tax-free pa/2.10% 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 £1,109 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 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 (a working email address is required when opening by phone).
  • Up until 20/07/2022 you can:
    • deposit up to your total ISA allowance (£20,000 for the 2022/23 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 save from £500 up to £1 million.
  • No joint accounts allowed.
Can I withdraw money?
  • You can't withdraw part of your account balance, however you can close your account at any time and withdraw the full balance in branch, by phone (if you've set up phone access) or by post, or transfer it to another ISA. If you do this you'll lose 365 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've paid in.
  • At the end of the fixed 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

Proving your Identity

  • You will need your National Insurance number when applying for this account.

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 [PDF] document.

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 [PDF] document.

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


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


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

8am - 6pm
8am - 5:30pm
9am - 12pm


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

If you would like to transfer your existing ISA to our 5 Year Fixed Rate Cash ISA, please read our Transferring Your ISA page.

If you would like to transfer your Cash ISA held with Skipton to another ISA provider, you will need to complete the ISA Transfer Authority Form supplied by your new provider. Transfers to other ISAs and subsequent closure of this account during the fixed term are subject to 365 days interest penalty which may mean you get back less than what you paid in.

Annual subscriptions must always be transferred in full for the current tax year.

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.

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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