Why choose a Regular Saver account?
How do Regular Saver accounts work?
Who are Regular Saver accounts for?
Our Regular Savers could be a good option for you if you have spare money each month that you want to get working hard towards your future goals.
- It’s a good idea to consider if you have money set aside first for just-in-case moments like unexpected large bills. Life changes and things happen, so we’d always recommend you have some savings in a place you can access as and when you need to.
- If you have spare money after outgoings – and have just-in-case savings in place – this is where a Regular Saver account could help. It allows you to build up savings and potentially earn a higher rate of interest for a fixed term towards your financial future. It’s a way to put money away that you’re unlikely to need right now.
How do I open a Regular Saver account?
Our Regular Saver accounts can be opened in a variety of ways. Some accounts can be opened online (on our website and using our app), while others may be only available in branch (to avoid disappointment, we recommend you call 0345 850 1722 to set up an appointment at a time and date that suits you), over the phone or by post. Please check the specific product terms and conditions for details.
Can I withdraw from a Regular Saver account?
Withdrawal rules vary depending on the Regular Saver account you have. Some accounts allow withdrawals, while others don’t allow withdrawals during the fixed term, but you can close the account at any time if you really need to. Please check the specific product terms and conditions for details.
Frequently Asked Questions
You can apply for a member savings account once you've held continuous membership for 30 days or more.
You can only hold one product from our Regular Saver range in your name at any one time, excluding the Young Regular Saver.
If you have a personal savings account or mortgage with us, it means you’re a member of the Society, as long as you keep a minimum balance of £1.
If you operate an account on someone else’s behalf, for example, as an attorney or personal representative, you are not the member – membership stays with the customer named on the account.
If you want to send money from a UK bank or building society, please use the following banking details:
Account holder name:
Your full name
Sort code:
20-78-91
Account number:
70798924
Reference:
Your 9-digit Skipton account number
Other ways to save
You're protected up to £120,000
Your eligible deposits with Skipton Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
AER explained
AER stands for Annual Equivalent Rate and 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. We pay all non-ISA 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. Please be aware that products can be withdrawn at any time and without notice.
Our new mobile app is coming
We’re gradually inviting members through our current app, so don't worry if your invite hasn't arrived yet. The new app is designed to make managing your accounts easier with a fresh look and features shaped by your feedback – plus more updates coming soon.
Find out more