Super Tracker

Super Tracker

This account might be right for you if:

  • you want a variable rate of interest that will go up or down in line with changes to the Bank of England Base Rate until 6 May 2020
  • you’re happy to accept limited access to your money, with only three partial withdrawals until 6 May 2019 and a further three between 7 May 2019 - 6 May 2020.
  • you have a lump sum of £1,000 or more to deposit.

This account might not be right for you if:

  • you want the security of a fixed rate of interest that’s guaranteed for a set amount of time
  • you want to be able to make unlimited withdrawals
  • you want to open and manage your account online.

Summary Box

Account name Super Tracker
What is the interest rate?
Annual Interest 1.27% gross pa/AER variable
  • The rate of interest is guaranteed to track 0.52% above the Bank of England Base Rate until 30 June 2020. To access and monitor the Bank of England Base Rate visitbankofengland.co.uk
  • If the Bank of England Base Rate changes, the new interest rate on your account will apply no more than 14 days after the change is effective.
  • Interest is earned daily and paid annually on 30 June.
Monthly Interest: No monthly interest option available.
Can Skipton Building Society change the interest rate?
  • The rate of interest is variable and could move either up or down dependent on the Bank of England Base Rate.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • We’ll notify you before any drop in your interest rate.
What would the estimated balance be at the end of the fixed term based on a £10,000 deposit?
  • The estimated balance after the fixed term would be £1,012 assuming that;
    • the account is opened on 31 May 2018 with £1,000 and interest starts being earned straight away
    • no further deposits or any withdrawals are made
    • the interest is paid annually and added to the account.
    • the interest rate stays at 1.02% until the end of the fixed term.
  • The estimated balance is based on the Bank of England Base Rate as at 31 May 2018 and doesn’t take into account any changes to this rate during the fixed term.
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.
How do I open and manage my account?
  • This account is available to UK residents aged 16 or over and can only be opened and managed in any of our branches, by post or by telephone.
  • The first payment into the account can be by cash (branch only), debit card, cheque or internal transfer from another Skipton account. After operning, you can also pay in by electronic payment (but not direct debit) or by standing order.
  • You can save from £1,000 up to £1 million per account
  • Joint accounts are allowed.
Can I withdraw money?
  • Subject to the £1,000 minimum operating balance, you can make three partial withdrawals online during each of the following periods:
    • from account opening until 6th May 2019
    • 7th May 2019 - 6th May 2020
  • You don't need to give us notice and there are no penalties for withdrawals. If you need to make a further withdrawal, you can do so by closing your account
  • For security reasons you can't withdraw or close within 14 days of us recieving your first payment. This applies to both new and existing customers.
  • After 6th May (account maturity) your account will automatically transfer into an Online Easy Access Cash ISA, which has a variable rate and doesn't track the Bank of England Base Rate, unless you tell us otherwise.
  • We'll contact you before maturity and you can find out more about the maturity process in condition 7 of the further terms and conditions.
  • This is a flexible ISA, which means that any withdrawals you make can be replaced without affecting your ISA allowance, as long as it's done in the same tax year and the account is still open.
Additional information
  • AER stands for Annual Equivalent Rate and 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 the future.
  • Accounts can be withdrawn from sale at any time and without notice.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.

www.financial-ombudsman.org.uk

Things to know before you apply

  • This account can only be opened and managed in branch, by telephone or by post.

If you are a new customer - where possible, we use an electronic verification system to verify your identity and address, however we can't do this for postal applications, for children under 18 in England, or if you are not on the electoral roll for your current address. For full ID requirements please see our Proving your identity [PDF] document.

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

Visit your local branch for further information and to open this account.

Branch finder

This account can be applied for over the phone. You can call us or arrange for us to call you back. After you call we will send you pre-completed forms to sign and return.

Call Skipton Direct

Mon - Thurs
8am - 8pm
Fri
8am - 5:30pm
Sat
9am - 12pm

Phone 0345 850 1722

CallBack Request

If you'd prefer us to call you, simply complete a few details online and we can call you back

This account can be opened by post, download the paper application form below and return with your cheque to the address shown.

Return your form to:

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

Need help?

If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

Call us on 0345 850 1722
Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.

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