Special Edition Cash ISA 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 June 2021
  • you’re happy to accept limited access to your money, with only one partial withdrawal until 6 June 2019, one withdrawal between 7 June 2019 - 6 June 2020 and a further one from 7 June 2020 - 6 June 2021
  • you have a lump sum of £20,000 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 Special Edition Cash ISA Tracker
What is the interest rate?
Annual Interest 1.36% tax-free pa/AER variable
  • The rate of interest is guaranteed to track 0.61% above the Bank of England Base Rate until June 2021. To access and monitor the Bank of England Base Rate visit bankofengland.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 6 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 on 6 June 2021 based on a £20,000 deposit?
  • The estimated balance on 6 June 2021 would be £20,613 assuming that;
    • the account is opened on 12 March 2019 with £20,000 and interest starts being earned straight away
    • no further deposits or any withdrawals are made
    • the interest is paid annually on 6 June and added to the account.
    • the interest rate stays at 1.36% until the end of the term.
  • The estimated balance is based on the Bank of England Base Rate as at 12 March 2019 and doesn’t take into account any changes to this rate during the term of the account.
  • 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 online.
  • The first payment into the account can be by debit card, internal transfer from another Skipton account or electronic payment (but not Direct Debit) from another UK bank or building society. You can also transfer ISA savings in from other providers using our ISA transfer service. After opening, you can also pay in by cash (in branch only, and we’ll need to see some photographic ID for the first cash payment), cheque (in branch or by post) or by standing order.
  • You can save from £20,000 up to your total ISA allowance each tax year (£20,000 for 2018/19), plus any ISA transfers, up to a maximum of £1 million
  • No joint accounts are allowed.
Can I withdraw money?
  • Subject to the £20,000 minimum operating balance, you can make one partial withdrawal online during each of the following periods:
    • from account opening until 6 June 2019
    • 7 June 2019 - 6 June 2020
    • and a further one from 7 June 2020 - 6 June 2021
  • 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
  • After 6 June 2021 (account maturity) your account, unless you tell us otherwise, your account will automatically transfer into an easy access Cash ISA, which has a variable rate and doesn't track the Bank of England Base Rate.
  • We'll contact you before maturity and you can find out more about the maturity process in condition 8 of the further terms and conditions.
  • This account is a flexible ISA, so you can withdraw money and put it back 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 would be if interest was paid and added each year. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better return on your savings.
  • All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in future.
  • Accounts can be withdrawn from sale at any time and without notice.

If you would like to transfer your existing ISA to our Cash ISA Tracker, please read our Transferring Your ISA page.

If you would like to transfer your Cash ISA held with Skipton to another ISA provider, you will need to complete the ISA Transfer Authority Form supplied by your new provider. You can transfer your flexible ISA to another provider, but current and previous years' ISA allowances are treated differently. If you transfer your full balance to another ISA provider, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer.

Annual subscriptions must always be transferred in full for the current tax year.

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.


For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/odr/. As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.


Things to know before you apply

  • This account can only be opened and managed in branch or by post.
  • You will need your National Insurance number when applying for this account.

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 key features and 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 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
North Yorkshire
BD23 1DN

For further information on ISA transfers, please visit our Transferring your ISA page.

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.

Financial Services Compensation Scheme

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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