Member Regular Saver

Account Name

Member Regular Saver

Can Skipton Building Society change the interest rate?

• Yes, the interest rate is variable, so it can go up or down dependent on the Bank of England Base Rate.
• If the Bank of England Base Rate changes, the new interest rate on the account will apply without notice, no more than 14 days after the change is effective.
• Section 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.

How do I open and manage my account?

• This account is only available to UK residents aged 16 or over, who hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 10/11/2025 with a minimum balance of £1.
• 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 by phone. You may be required to set up appropriate security 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. 
• The minimum operating balance must be met for interest to be earned.
• Subsequent payments in can be made from £1.
  
• You can pay in as many times as you like each month, as long as you don’t exceed the £250 monthly allowance.
• You don't have to pay in every month and any unused monthly allowances can be rolled over to future months up to a maximum of £3,000 over the 12 month term, excluding interest earned.
• If you make a payment into the account which exceeds either of these limits, we'll return the money to you.
• Joint accounts aren’t allowed.
• This account is part of our Regular Saver range. You can only hold one product from our Regular Saver range in your name at any one time.

Can I withdraw my money?

• You can’t withdraw part of the account balance. However, you can close the account at any time and withdraw the full balance through Skipton Online, in the Skipton App, in branch, by post or by phone, as long as you’ve set up the relevant security and access measures. You don’t need to give us notice and there are no penalties.
• If you close the account and withdraw the funds by electronic payment, this must be 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.
• At the end of the 12 month term, which is known as ‘maturity’, the account will automatically transfer into a new easy access account, unless you tell us otherwise when we contact you before maturity. The new account will have a variable rate of interest and will not track the Bank of England Base Rate. You can find out more about the maturity process in term 9 of the further terms and conditions.

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.