Up to 3.10% gross pa/AER Variable
A guaranteed rate and no surprises
If a great rate matters more than easy access to your money, our Base Rate Tracker Account offers the perfect solution.
As the name suggests, it follows the Bank of England's base rate - the interest rate at which the Bank of England lends to financial institutions - and guarantees that your interest rate will track Bank base rate until 30 June 2009.
After this date, we'll review the guaranteed link to Bank base rate and either offer you a new guarantee period with new terms or transfer you to a variable rate, penalty-free access account.
The more you invest, the more you earn
Thanks to attractive tiered rates of interest, our Base Rate Tracker Account rewards you the more you save. In fact, depending on the amount you invest, you can earn up to 0.10% above Bank base rate.
When Bank base rate does change, it will be 14 days before the new interest rates are applied to your account.
Where possible, we aim to keep our administration costs down to a minimum, so we can pass the savings on to you. For this reason, we do not allow transactions in cash on this account.
How would you like your interest?
We can pay your interest into either your Base Rate Tracker Account, your bank account or another suitable Skipton account annually on 1 January. Alternatively, you can have your interest paid monthly into your bank account, or another suitable Skipton account. Please remember that monthly interest rates are slightly lower than annual rates.
Withdrawal arrangements
- All transaction must be by cheque or transfer
- The minimum opening and operating balance is £500
Click here to read the Further Terms and Conditions for this account