Member Annual Allowance Cash ISA

Account Name

Member Annual Allowance Cash ISA

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, who hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 23/02/2026 with a minimum balance of £1
• If you’re not a UK resident, you may still be able to open this account if you meet the government’s ISA requirements and the account eligibility criteria. 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 request a transfer in from a Skipton Cash ISA if this account only has monies from the current years ISA allowance. All of the monies held in your other Skipton Cash ISA must be transferred, so if the Skipton Cash ISA also has monies from a previous year’s allowance, the transfer won’t be possible. You can only do this in branch, by post or by phone. You can find information on how to transfer an existing ISA into this account in the Member Annual Allowance Cash ISA Key Features and Account Terms and Conditions [PDF].
• The maximum balance for this account is £1 million.
• Joint accounts aren’t allowed.
• You can only hold one Member Annual Allowance Cash ISA Issue 1 in your name at any one time (either a Member Annual Allowance Cash ISA or Branch Member Annual Allowance Cash ISA).

Can I withdraw my money?

• Yes, 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, subject to the minimum operating balance.
• 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 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.
• 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.

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.