Cash ISA Tracker Issue 2

0.45% tax-free pa/AER variable
(Annual interest)

Ready to apply?

This account might be right for you if:

  • You’re happy with a variable rate of interest that will go up or down in line with changes to the Bank of England Base Rate for 12 months
  • you’d like easy, flexible access to your money without affecting your ISA allowance
  • you want to be able to transfer in ISA savings from previous tax years.

Prefer to open and manage your account online?

We have an online product that may be of interest

Online Cash ISA Tracker

Summary Box

Account name Cash ISA Tracker Issue 2
What is the interest rate?
Annual Interest

0.45% tax-free pa/AER variable

  • The rate of interest is guaranteed to track 0.35% above the Bank of England Base Rate for 12 months. To monitor the Bank of England Base Rate
  • If the Bank of England Base Rate changes, the new interest rate on your account will apply without notice, no more than 14 days after the change is effective.
  • Annual interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: No monthly interest option available.
Can Skipton Building Society change the interest rate?
  • The interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the interest rate.
What would the estimated balance be after 12 months based on a £1,000 deposit?
  • The estimated balance after 12 months would be £1,004 based on the following assumptions:
    • the account is opened with £1,000 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.
    • the interest rate stays at 0.45% for the full 12 months.
  • The estimated balance is based on the Bank of England Base Rate as at 20/10/2021 and does not take into account any changes to this rate during the term of 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 by phone (a working email address is required when opening by phone).
  • You can deposit from £1 up to your total ISA allowance each tax year (£20,000 for the 2021/2022 tax year), plus any ISA transfers, up to a maximum of £1 million.
  • No joint accounts are allowed.
Can I withdraw money?
  • Yes, you can withdraw in branch, by phone (if you’ve set up telephone access) or by post. You don’t need to give us notice and there are no penalties for withdrawals.
  • This account is a flexible ISA, so you can withdraw money and put it back without affecting your ISA allowance, as long as it’s done in the same tax year and the account is still open.
  • At the end of the 12 month term, which is also known as ‘maturity’, unless you tell us otherwise, your account will automatically transfer into an easy access Cash ISA, which has a variable rate of interest and doesn’t track the Bank of England Base Rate. We’ll contact you before maturity and you can find out more about the maturity process in condition 8.0 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 Cash ISA Tracker, 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. You can transfer your flexible ISA to another ISA, but current and previous years' ISA allowances are treated differently. If you transfer your full balance to another ISA, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer.

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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