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120 Day Notice Saver Issue 12

4.10% gross pa/AER
(Annual Interest)

Ready to apply?

This account might be right for you if you:

  • are happy with a variable rate that can go up or down
  • are happy to give us 120 days’ notice or pay an interest penalty to access your money. If you withdraw money without giving notice you may get back less than you paid in
  • are aged 16 or over.

Summary Box

Account name 120 Day Notice Saver Issue 12
What is the interest rate?
Annual Interest

4.10% gross pa/AER

  • This account earns interest daily. If you choose annual interest, it’s 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 deposit?
  • The estimated balance after 12 months would be £1,041, assuming that:
    • the account is opened with £1,000 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 16 or over.
  • You can open and manage it in branch, by post or phone (a valid email address is required when opening by phone).
  • The minimum opening and operating balance for this account is £1. You must keep at least this amount in the account at all times.
  • Subsequent payments in can be made from £1.
  • The maximum balance for this account is £1 million.
  • Joint accounts are allowed.
Can I withdraw money?
  • Yes, as long as you give us 120 days’ notice in branch, by post or phone (if you’ve set up phone access), subject to the minimum operating balance. If the notice period cannot be met, you’ll have to pay 120 days’ worth of interest on the amount you withdraw, so you might get back less than you paid in. The minimum withdrawal amount is £1.
  • Once the 120 days’ notice period has ended, there is a limited window during which you can then make the withdrawal you gave notice for without penalty. We’ll provide you with details when you give withdrawal notice to us.
  • You can only have one notice period running at a time.
  • If you withdraw by electronic payment this must be made to a UK bank or building society account in your own name(s). We won’t make an electronic payment to any other type of account.
Additional information
  • The AER 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 future.
  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

Proving your Identity

We may 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 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].

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


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


This account can be applied for over the phone by calling us.

8am - 6pm
8am - 5:30pm
9am - 12pm


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

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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