120 Day Notice Account

1.35% gross pa/AER
(Annual Interest)

Ready to apply?

This account might be right for you if:

  • You're happy with a variable interest rate that can go up or down
  • You're happy with having to give 120 days' notice to access your money
  • You're happy with your interest being paid once a year.

Summary Box

Account name 120 Day Notice Account
What is the interest rate?
Annual Interest 1.35% gross pa/AER
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?
  • 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 any drop in 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 £1,010 based on the following assumptions:
    • £1,000 is paid in 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 debit card or cheque.
How do I open and manage my account?
  • This account is available to UK residents and can be opened and managed in any of our branches, by phone or by post.
  • You can save from £1 up to £1 million per account.
  • Joint accounts are allowed.
Can I withdraw money?
  • Yes, you can withdraw money or close the account by giving us 120 days' notice in branch, by post or by phone (if you've set up phone access). No immediate access is allowed and you can only have one notice period running at any one time.
  • The minimum withdrawal is £1.
  • You can cancel the account in the first 14 days, if you need to.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
  • We pay all savings interest gross, which means no tax is deducted. It's your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in the future.
  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

Proving your Identity

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 document [PDF].

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 850 1722 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].

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

How to apply

Branch

Visit your local branch for further information and to open this account.

Phone

This account can be applied for over the phone. You can call us or arrange for us to call you back.

Mon-Thurs
8am - 8pm
Fri
8am - 5:30pm
Sat
9am - 12pm

Post

Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
Skipton
BD23 1DN

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.

www.financial-ombudsman.org.uk

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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