Summary Box

Account name 1 Year Online Fixed Rate Cash ISA Issue 150
What is the interest rate?
Annual Interest 0.35% tax-free pa/AER
Interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: 0.35% tax-free pa/AER
Interest is earned daily and each month's interest is paid on the same date your account was opened or the last day of the month if shorter.
Can Skipton Building Society change the interest rate? The interest rate is fixed for the term of this account.
What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?
  • The estimated balance at the end of the fixed term would be £1,003 based on the following assumptions:
    • £1,000 is paid in when the account is opened and interest starts being earned straight away
    • No further deposits or any withdrawals are made
    • The interest is paid annually and on maturity and added to the account
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card.
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.
  • Up until 05/05/21 you can:
    • deposit up to your total ISA allowance (£20,000 for the 2021/22 tax year)
    • make a request for an ISA transfer in (either from an existing ISA with Skipton or from another provider).
    After this your account will be closed to further deposits and additional requests for ISA transfers in. If we don't receive your first payment in or an instruction for an ISA transfer in before this date, the account will not be open.
  • You can save from £500 up to £1 million.
  • No joint accounts allowed
Can I withdraw money?
  • You can't withdraw part of your account balance, however you can close your account at any time and withdraw the full balance online or transfer it to another ISA. If you do this you'll lose 90 days' interest. This will be taken from your savings if you haven't earned enough interest on the account, and means you might get back less than you've paid in.
  • At the end of the fixed interest rate term, which is also known as 'maturity', your account will automatically transfer into a new 1 year online fixed rate Cash ISA, unless you tell us otherwise, and you'll have 21 days to change your mind.
  • 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.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest would be if interest was paid and added each year.
  • 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.
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