Online Bonus Cash ISA Issue 12

0.95% tax-free pa/0.70% AER variable
(including 0.50% bonus for 6 months)

Ready to apply?

This account may be right for you if:

  • You’d like to receive a bonus rate on your savings for the first 6 months.
  • You’d like easy, flexible access to your money, without affecting your ISA allowance.
  • You want to open and manage your account online.

For security reasons, you won't be able to withdraw from or close an online account within 14 days of us receiving your first payment.

Summary Box

Account name Online Bonus Cash ISA Issue 12
What is the interest rate?
Annual Interest 0.45% tax-free pa/AER (Without bonus)
0.95% tax-free pa/0.70% AER (With bonus of 0.50% for the first 6 months)

Interest is earned daily and paid after the 6 month bonus period and again on each anniversary of account opening
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 22 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 before we reduce your interest rate.
What would the estimated balance be after 6 and 18 months based on a £1,000 deposit?
  • The estimated balance after 6 months with the bonus would be £1,004.
  • The estimated balance after a further 12 months would be £1,009.
  • These estimates are based on the following assumptions:
    • 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 at the end of the 6 month bonus period and added to the account
    • There is no change to the interest rates stated.
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.
How do I open and manage my account?
  • This account is available to UK residents aged 16 or over, and can only be opened and managed online.
  • You can deposit from £1 up to your total ISA allowance each tax year (£20,000 for the 2020/2021 tax year), plus any ISA transfers, up to a maximum of £1 million.
  • No joint accounts allowed.
Can I withdraw money?
  • Yes, you can withdraw money from this account online. You don’t need to give us notice and there are no penalties.
  • For security reasons, you can’t withdraw or close within the first 14 days of us receiving your first payment. This applies to both new and existing customers.
  • 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

It is important that you read the terms and conditions documents carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

You can apply for this account securely online. If you are not an existing Skipton Online customer, we will set up your online access as part of this process. You’ll need a mobile device to install and use our mobile app to transact and manage your account online.

Ready to apply?

Pay my interest annually

0.95% tax-free pa/0.70% AER variable
(including 0.50% bonus for 6 months)

Apply online (annual interest)

If you would like to transfer your existing ISA to our Online Bonus Cash ISA, please read our Transferring Your ISA page.

If you would like to transfer your Cash ISA held with Skipton to another ISA provider, you will need to complete the ISA Transfer Authority Form supplied by your new provider.

You can transfer your flexible ISA to another provider, but current and previous years' ISA allowances are treated differently. If you transfer your full balance to another ISA provide, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer happens.

Annual subscriptions must always be transferred in full for the current tax year.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722, 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.

For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.

Financial Services Compensation Scheme

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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