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Legacy Cash ISA Issue 11

3.90% tax-free pa/AER variable
(Annual Interest)

Ready to apply?

This account might be right for you if:

  • your husband, wife or civil partner died on or after 3 December 2014 and had savings in ISAs
  • you want to keep any tax-free entitlements they'd built up. This is know as an Additional Permitted Subscription (APS)
  • you'd like easy access to your money.

Summary Box

Account name Legacy Cash ISA Issue 11 (Additional Permitted Subscriptions only)
What is the interest rate?
Annual Interest 3.90% tax-free pa/AER
Interest is earned daily and paid annually on 5 April.
Monthly Interest: No monthly interest option available.
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 explains why we may change the interest rate.
  • If you have at least £100 in your account we'll notify you in advance if we intend to reduce your 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 £1,039 assuming that:
  • £1,000 is paid in by internal transfer when the account is opened 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 the same for the full 12 months.
Estimated balances are for illustrative purposes only and may be less for accounts opened by cheque.
How do I open and manage my account?
  • This account is available to UK residents aged 16 or over, and can be opened and managed in any of our branches or by post. You must also be the surviving spouse/civil partner of a person who held an ISA and died on or after 3 December 2014.
  • If your spouse or civil partner’s ISA was held with another provider, you can pay money into the account once we've received the APS eligibility declaration from the provider.
  • You must apply for the account with a nil balance but the account will only be open from the date we receive the money and ISA declaration. If no money is paid in within 3 months of application we'll cancel the account.
  • You can pay in from £1 up to your APS allowance.
  • You can't transfer in any of your own ISA savings for current or previous tax years or pay in any of your allowance for the current tax year.
  • No joint accounts allowed.
Can I withdraw money?
  • Yes, you can withdraw in branch, over the phone (if you've set up phone access) or by post. 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.
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

Important information if your husband, wife, or civil partner died on or after 6 April 2018

APS rules allow the APS value to reflect either the balance as at the date of death or the earlier of one of the following events:

  • completion of estate administration
  • account closure
  • three years from the date of death
  • Where multiple ISAs are held with the same ISA provider, the same date must be used for the calculation of the APS; it can't be calculated on a combination of the balance at the date of death for some ISAs and the balance at the time of the three events listed above for others.

    You can choose which date to use for the calculation of the APS. If you choose the balance as at the date of your spouse or civil partner's death, you cannot later ask for the APS to be calculated on one of the three events above.

    If your spouse/civil partner died between 3 December 2014 and 5 April 2018, your APS allowance will be their ISA balance at the date of their death.

How to apply


If you'd like to open your account in branch, please contact your local branch to arrange an appointment.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

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.

You're protected up to £85,000

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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