120 Day Notice Saver

Earn 3.10% AER variable on your savings

  • 3.10% gross pa/AER variable

This account might be right for you if you:

  • are happy with a variable rate of interest 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

It is important that you read all parts of the Summary Box before you apply.

Account Name

120 Day Notice Saver

What is the interest rate?

Annual interest:

3.10% gross pa/AER

  • This account earns interest daily and it’s added to the account the day before the anniversary of account opening.
  • There is no monthly interest option available.
  • 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. Interest due in the first three days of the new tax year may arrive up to three business days later.

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 [PDF] explains why we may change the interest rate.
  • If there is at least £100 in the account, we'll notify you in advance if we intend to reduce 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 £1,031, 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 the account receives the deposit.

How do I open and manage my account?

  • This account is only available to UK residents aged 16 or over.
  • You can open and manage it in branch, by post or by 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.
  • The minimum operating balance must be met for interest to be earned.
  • Subsequent payments in can be made from £1.
  • The maximum balance for this account is £1 million.
  • Joint accounts are allowed.

Can I withdraw my money?

  • You’ve 14 days from when you open the account to notify us if you wish to cancel it.
  • After the 14-day cancellation period, as long as you give us 120 days’ notice and you’ve set up the relevant security and access measures, you can withdraw in branch, by post or by phone, subject to the minimum operating balance.
  • The minimum withdrawal amount is £1.
  • Once you give us notice, there is a limited window during which you can instruct us to withdraw your money without penalty. We’ll provide you with details of this when you give us your notice. If you withdraw money without giving us 120 days’ notice, 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. 
  • You can only have one notice period running at a time.
  • If you withdraw by electronic payment, this must be 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 Annual Equivalent Rate (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

  • You need an active email address to open this account. If you don't have one, call us or visit your local branch to discuss your options. 
  • You may need to prove your identity – to find out more about this, please read How to prove your name and address [PDF]
  • Read these documents in full:

120 Day Notice Saver Terms and Conditions [PDF]

Savings Account Terms and Conditions [PDF]

How to apply

You can open this account at your nearest Skipton Building Society branch or by post. 

In Branch

Find your nearest branch

Over the phone

Call us on 0345 608 0783

By Post

To open this account by post, please complete the following application form:

General investment account application form [PDF]

Return your completed application form and cheque to:

Savings Operations
Skipton Building Society
The Bailey
Skipton
BD23 1DN

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