Member Regular Saver Issue 3

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

• 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.

• 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.

• 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.

• 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.