18mFRISA
- Product Details Title (Deprecated)
18mFRISA
This account might be right for you if you:
- have a lump sum of at least £5,000 to deposit and you don't want to continue to pay in after 18/02/2026.
- want a fixed rate of interest that's guaranteed for the fixed term.
- want to be able to transfer in ISA savings from other ISAs.
- don't want to withdraw money before the end of the fixed term. If you close the account early, you'll have to pay an interest penalty so you may get back less than you paid in.
- are aged 18 or over.
Summary Box
It is important that you read all parts of the Summary Box before you apply.
Account Name
18 Month Fixed Rate Cash ISA
What is the interest rate?
Balance:
£5,000+
Annual interest:
3.80% tax-free pa/AER
Monthly interest:
3.74% tax-free / 3.80% AER
- The fixed rate term begins from the first payment into the account.
- This account earns interest daily and it can be added to the account either annually or monthly.
- If you choose annual interest, it’s added to the account the day before the anniversary of account opening and the day before the end of the fixed term.
- If you choose monthly interest, it’s added to the account the day before the same date in the month the account was opened. For example, if the account was opened on the 30th of the month, monthly interest would be added on the 29th. If there’s no such date, it will be added on the last day of the month.
- If you ask us to pay interest to a different account, we’ll pay it on the first business day after the day we’d have added it to this account. Business days exclude Saturday, Sunday and bank holidays. Interest due in the first three days of the new tax year may arrive up to three business days later.
Can Skipton Building Society change the interest rate?
- The interest rate is fixed for the term of the account.
What would the estimated balance be at the end of a fixed term based on a £5,000 deposit?
Opening balance:
£5,000
Estimated balance after fixed term:
£5,287
The estimated balance above assumes that:
- the account is opened with £5,000 and starts earning interest straight away.
- no further deposits or withdrawals are made.
- the interest is paid annually and on maturity.
- the interest is added to this account.
Estimated balances are for illustrative purposes only. They may be less for accounts opened by debit card or cheque, because interest won’t be earned until the account receives the deposit.
How do I open and manage my account?
- This account is 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 £5,000.
- The minimum operating balance must be met for interest to be earned.
- You can pay in your total ISA allowance (currently set at £20,000 per tax year).
- You can also request transfers in from other ISAs you have with us or other providers.
- Any payments or ISA transfer requests into this account need to be received on or before 18/02/2026. After this, the account will be closed to payments in. If you’re paying in by ISA transfer, the money in the existing ISA must be available for transfer before this date.
- You can find information on how to transfer an existing ISA into this account in the 18 Month Fixed Rate Cash ISA 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 my money?
- You’ve 14 days from when you open the account to notify us if you wish to cancel the account.
- You can’t withdraw part of the account balance. However, you can close the account at any time and withdraw the full balance through Skipton Online, the Skipton App, in branch, by post or by phone, as long as you’ve set up the relevant security and access measures.
- 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.
- If you close the account after the 14-day cancellation period and before the end of the fixed term, you’ll have to pay 90 days’ worth of interest, so you might get back less than you've paid in.
- At the end of the fixed term, which is known as ‘maturity’, the account will automatically transfer into a new 1 year fixed rate Cash ISA, 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.
18mFRISA
Before you apply:
- You need an active email address to open this account. If you don't have one, call us or visit your local branch to discuss your options.
- You will need to provide your National Insurance number, so it's a good idea to have it to hand before you begin.
- You may need to prove your identity - to find out more about this, please read How to prove your name and address [PDF]
- Read these documents in full:
18 Month Fixed Rate Cash ISA Key Features and Account Terms and Conditions [PDF]
Savings Account Terms and Conditions [PDF]
You're protected up to £120,000
Your eligible deposits with Skipton Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
