Online Cash ISA Tracker Issue 2

0.45% tax-free pa/AER variable
(Annual interest)

Ready to apply?

This account may be right for you if:

  • You’re happy with a variable rate of interest that will go up or down in line with changes to the Bank of England Base Rate for 12 months
  • you’d like easy, flexible access to your money without affecting your ISA allowance
  • you want to be able to transfer in ISA savings from previous tax years.

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

Summary Box

Account name Online Cash ISA Tracker Issue 2
What is the interest rate?
Annual Interest

0.45% tax-free pa/AER variable

  • The rate of interest is guaranteed to track 0.35% above the Bank of England Base Rate for 12 months. To monitor the Bank of England Base Rate visit
  • If the Bank of England Base Rate changes, the new interest rate on your account will apply without notice, no more than 14 days after the change is effective.
  • Annual interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: No monthly interest option available.
Can Skipton Building Society change the interest rate?
  • The interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the 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 £1,004 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 added to the account.
    • the interest rate stays at 0.45% for the full 12 months.
  • The estimated balance is based on the Bank of England Base Rate as at 20/10/2021 and does not take into account any changes to this rate during the term of the account.
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card.
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 2021/2022 tax year), plus any ISA transfers, up to a maximum of £1 million.
  • No joint accounts are allowed.
Can I withdraw money?
  • Yes, you can withdraw online. You don’t need to give us notice and there are no penalties for withdrawals.
  • For security reasons, you can’t withdraw or close your account within 14 days of us receiving your first payment. This applies to both new and existing customers.
  • This account is a flexible ISA, 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.
  • At the end of the 12 month term, which is also known as ‘maturity’, unless you tell us otherwise, your account will automatically transfer into an online easy access Cash ISA, which has a variable rate of interest and doesn’t track the Bank of England Base Rate. We’ll contact you before maturity and you can find out more about the maturity process in condition 8.0 of the further terms and conditions.
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 condition 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.

We’ll set up your Skipton Online access as part of your secure online application, if you haven’t already registered.

Ready to apply?

Pay my interest annually

0.45% tax-free pa/AER variable
(Annual interest)

Apply online now

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

If you would like to transfer your Cash ISA held with Skipton to another ISA, you will need to complete the ISA Transfer Authority Form supplied by your new provider. You can transfer your flexible ISA to another ISA, but current and previous years' ISA allowances are treated differently. If you transfer your full balance to another ISA, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer.

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 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.

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
Version Info: