Four Access Cash ISA Saver

Account Name

Four Access Cash ISA Saver

Can Skipton Building Society change the interest rate?

• Yes, the interest rate is variable, so it can go up or down.
• Section 8 of our Savings Account Terms and Conditions [PDF] explains why we may change the interest rate.
• If there is at least £100 in the account, we'll notify you in advance if we intend to reduce the interest rate.

How do I open and manage my account?

• This account is only available to UK residents aged 18 or over. However, if you’re not a UK resident, you may still be able to open this account if you meet the government’s ISA requirements. Please see the ISA Declaration [PDF]  on our application form for more details.
• To open and manage this account, a valid email address must be provided.
• You can open and manage it through Skipton Online, in the Skipton App, in branch, by post or by phone. You may be required to set up appropriate security and access measures, and these might differ depending on how you choose to manage the account.
• The minimum opening and operating balance for this account is £1. You must keep at least this amount in the account to keep it open.
• The minimum operating balance must be met for interest to be earned.
• Subsequent payments in can be made from £1.
• You can pay in your total ISA allowance each tax year (currently set at £20,000 per tax year).
• You can also request transfers in from other ISAs you have with us or other providers. You can find information on how to transfer an existing ISA into this account in the Four Access Cash ISA Saver Key Features and Account Terms and Conditions [PDF].
• The maximum balance for this account is £1 million.
• Joint accounts aren’t allowed.

Can I withdraw money?

• Yes, you can make four withdrawals per year (from the date of account opening) subject to the minimum operating balance.
• Partial ISA transfers of previous years' ISA subscriptions from this ISA to another ISA are included in the four withdrawals per year limit.
• If you need to make more than four withdrawals in the year, you can only do this by closing the account.
• As long as you’ve set up the relevant security and access measures, you can withdraw through Skipton Online, the Skipton App, in branch, by post or by phone.
• The minimum withdrawal amount is £1. You don't need to give us notice and there are no penalties.
• This account is flexible, so you can make four withdrawals and put the money you've withdrawn back in without affecting your ISA allowance, as long as it’s done in the same tax year and the account is still open.
• If you withdraw by electronic payment, this must be to a UK bank or building society account in your own name. We won’t make an electronic payment to any other type of account.
• At the end of the 12 month term, which is known as ‘maturity’, the account will automatically transfer into a new easy access Cash ISA, which has a variable rate of interest, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in term 9 of the further terms and conditions.

Additional information

• The Annual Equivalent Rate (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.