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Step Up Cash ISA Saver Issue 2

3.80% to 4.80% tax-free pa/AER variable
(Annual Interest)

Ready to apply?

This account might be right for you if you:

  • would like easy, flexible access to your money without affecting your ISA allowance
  • want to be able to transfer in ISA savings from other ISAs
  • are aged 18 or over.

Summary Box

Account name Step Up Cash ISA Saver Issue 2
What is the interest rate?
Annual Interest
Balance tax-free pa/AER variable
£1 - £19,999 3.80%
£20,000 - £39,999 4.30%
£40,000+ 4.80%
  • Your interest rate depends on your account balance and applies to the whole amount.
  • This account earns interest daily. Annual interest is added to the account the day before the anniversary of account opening.
  • 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.
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, £20,000 or £40,000 deposit?
Opening balance Estimated balance
£1,000 £1,038
£20,000 £20,860
£40,000 £41,920

The estimated balance assumes that:

  • the account is opened with either £1,000, £20,000 or £40,000 and starts earning interest straight away
  • no further deposits or withdrawals are made
  • the interest is paid annually
  • the interest is added to this account
  • there is no change to the interest rates stated.

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 your 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 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 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.
  • 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 also request transfers in from other ISAs you have with us or other providers. You can find information on how to transfer an existing ISA into this account in the Step Up Cash ISA Saver Key Features and terms & conditions.
  • The maximum balance for this account is £1 million.
  • Joint accounts aren’t allowed.
Can I withdraw 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 before you withdraw 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 made 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.

Before you apply

Ready to apply?

Annual interest

3.80% to 4.80% tax-free pa/AER variable
(Annual Interest)

Apply online

Other ways to apply

You need an active email address to open this account. If you don't have one, speak to us over the phone or in branch to find an account that's right for you.

Proving your identity

We may require identification to open the account. 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 document [PDF].

We have an internal complaints procedure. For more information, please call us on 0345 850 1722, ask in branch or visit our Complaints page.

Also, the Financial Ombudsman Service provides a free and independent service for consumers and can be contacted at the following address: The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567 or visit

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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