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Member Regular Saver Issue 3

7.00% gross pa/AER fixed for 12 months
(Annual Interest)

Ready to apply?

This account might be right for you if you:

  • are an existing Skipton member aged 16 or over, who joined on or before 11/01/24
  • would like to save up to £250 per calendar month 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 really need to

Summary Box

Account name Member Regular Saver Issue 3
What is the interest rate?
Annual Interest

7.00% 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?

The interest rate is fixed for the term of the account.

What would the estimated balance be after 12 months based on a £250 deposit each month? The estimated balance at the end of the fixed term would be £3,113 based on the following assumptions:
  • the account is opened with £250 on 1st of the month and interest starts being earned straight away
  • £250 is paid in on the first day of each subsequent month by standing order
  • no withdrawals are made
  • the interest is paid annually and added to the account.
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 only available to UK residents aged 16 or over, that hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 11/01/2024 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 phone. You'll be required to set up appropriate security and access measures. These might differ depending on how you choose to manage the account.
  • The minimum opening and operating balance for this account is £1.
  • Subsequent payments in can be made from £1.
  • There is no minimum monthly deposit.
  • You can pay in as many times as you like each month, as long as you don’t exceed the £250 monthly allowance.
  • Any unused monthly allowances can be rolled over to future months, up to a maximum of £3,000 over the 12-month term.
  • Joint accounts aren’t allowed.
  • You can only hold one Member Regular Saver account (either a Member Regular Saver or a Branch Member Regular Saver) in your name at any one time.
Can I withdraw money?
  • You can’t withdraw part of your account balance. If you need to withdraw money during the fixed term, you can only do this by closing your account.
  • As long as you’ve set up the relevant security and access measures, you can withdraw through Skipton Online, the Skipton app, in branch, by post or phone. You don’t need to give us notice and there are no penalties.
  • If you withdraw by electronic payment, this must be made 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 fixed term, which is known as ‘maturity’, your account will automatically transfer into a new variable rate easy access account, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in Term 9 of the further terms and conditions.
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.

Frequently asked questions

You can apply for a member savings account if you're an existing member who has held continuous membership since 11 January 2024 or before.

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 your 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 part of your account balance during the 12-month term; however, you can close your account at any time and withdraw the full balance.

You can close your account at any time.

If you want to send money from a UK bank or building society, please use the following banking details:

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.

You can find other ways to pay in on our Paying in page.

Before you apply

It is important that you read the terms and conditions documents carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

We’ll set up your Skipton Online access as part of your secure online application, if you haven’t already registered.

Ready to apply?

Annual Interest

7.00% gross pa/AER fixed for 12 months
(Annual Interest)

Apply online (Annual Interest)

Other ways to apply

You need to have an active email address to open this account. If you don't have one, speak to us over the phone or in branch to find an account that's right for you.


If you're an existing Skipton customer, you can apply for this account in our app.


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


You can apply for this account over the phone. Call us on 0345 608 0783.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
Principal Office
The Bailey
North Yorkshire
BD23 1DN

General investment account application form [PDF]

Proving your identity

We may require identification to open the account. 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].

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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