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Regular Saver

Earn 5.25% AER variable on your savings

  • 5.25% gross pa/AER variable for 12 months
  • Tracks 1.50% above Bank of England Base Rate for 12 months
Summary Box Apply Online

RegularSaver

This account might be right for you if you:

  • are happy with a variable rate of interest that will go up or down in line with changes to the Bank of England Base Rate for 12 months.
  • would like to pay in up to £200 per calendar month for the 12 month term to build up a lump sum.
  • don't need to withdraw from the account but want to be able to close the account if you need to.
  • are aged 16 or over.

Summary Box

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

Account Name

Regular Saver

What is the interest rate?

Balance:

£1+

Annual Interest:

5.25% gross pa/AER variable

  • The rate of interest is guaranteed to track 1.50% above the Bank of England Base Rate for 12 months. To monitor the Base Rate, visit bankofengland.co.uk.
  • The 12 month term begins from the first payment into the account.
  • 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 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 [PDF] explains why we may change the interest rate.

What would the estimated balance be after 12 months based on a £200 deposit each month?

Monthly deposit:

£200

Estimated balance after 12 months:

£2,468

The estimated balance above assumes that:

  • The account is opened with £200 on 1st of the month and starts earning interest straight away.
  • £200 is deposited on the first day of each subsequent month by standing order, totalling £2,400 over the 12 month term.
  • No withdrawals are made.
  • The interest is paid annually.
  • The interest is added to this account.
  • There is no change to the Bank of England Base Rate (3.75% as at 18/12/2025).

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.
  • 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 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.
  • 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 £200 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 £2,400 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.

Frequently asked questions

Your £200 allowance refreshes on the 1st of each month.

If the account allows regular withdrawals, the easiest way to set up a standing order is to use our web chat service using the pink chat icon which will display at the bottom of the screen when it is available.

You can't withdraw from the account, but you can close it at any time if you need to.

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

 

Important Information 

We use Barclays for our banking services. So, when you are receiving or sending payments, the transaction may show up on your records as Barclays. 

When setting up Skipton Building Society as a new payee, you may be asked by your provider what type of payee you would like to set up. Please select ‘business’ or ‘large business’ and remember to add your account number as the reference. 

Ready to apply?

You are applying for: Regular Saver

Apply Online

Other ways to apply

If you prefer to open this savings account a different way, we offer a range of options.

  • In branch: Pop to your nearest branch
  • Over the phone: Call us on 0345 608 0783
  • By post: Download an application form [PDF] and post it to us
    Savings Operations
    Skipton Building Society
    The Bailey
    Skipton
    BD23 1DN
Man in wheelchair looking at tablet

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.

Learn more about the FSCS

FSCS protected