Cash ISA Tracker Issue 5

• The interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
• Section 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.

• The estimated balance after the fixed term would be £1,096 assuming that;
  • 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 estimated balance is based on the Bank of England Base Rate as at 15/09/2023 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.

• This account is open to UK residents aged 16 or over and can be opened and managed online, in branch, over the phone, by post or in branch. The account cannot currently be opened via the Skipton app.
• For each means of accessing your account you wish to use, you will be required to set up appropriate security and access measures.
• To open and operate the account a valid email address must be provided.
• You can save from £1 up to your total ISA allowance each tax year (which is £20,000 for the 2023/24 tax year), plus any ISA transfers, up to a maximum of £1 million.
• You can find information on how to transfer an existing ISA into this account in the Cash ISA Tracker key features and account terms and conditions.
• Joint accounts are not allowed.

• Yes, subject to you setting up the relevant security measures, you can withdraw online, in branch, over the phone 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 24 month term, which is also known as ‘maturity’, unless you tell us otherwise, your account will automatically transfer into a new 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 of the further terms and conditions.

• The AER shows what the interest rate 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.