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A special rate for special occasions

Please note:

Before opening an account, please ensure that you read:

• the further terms and conditions as below; and
• the separate Investment Account Terms and Conditions.

These contain important information about our accounts.

If you are a new customer please bring some form of identification and verification of address as detailed in the Proving Your Identity leaflet. For further assistance, call your local branch or our Principal Office.

Further terms and conditions for the Special Saver Account and Instant Access Account

Special Saver Account

1. Interest rates are variable.
2. Customers can have a maximum of three accounts running at any one time.
3. The minimum opening and operating balance is £10. The maximum opening balance is £250 and the maximum operating balance is £3,000 per annum.
4. You must agree to pay a monthly subscription into the account. This can be varied as long as it does not fall below the minimum of £10 or exceed the maximum of £250 each month.
5. You can pay in more than once each month providing the maximum monthly investment of £250 is not exceeded.
6. You can pay into your account by cash, cheque, transfer, internal standing order or bank standing order. A passbook will be issued.
7. All transfers to and from other Skipton accounts (where applicable) are subject to the terms and conditions of those accounts.
8. Withdrawals are not permitted on your account from the date it is opened until midnight on the 12 month anniversary of opening the account when it will transfer into our Instant Access Account. If you do need to access your money before it is transferred to an Instant Access Account, then your account may be closed. Accrued interest will be paid to the date of closure.
9. Interest will accrue on a daily basis and will be capitalised at midnight, on the 12 month anniversary of your account opening. This, together with your account balance, will be paid into an Instant Access Account.
10. Special Saver is a share account which confers membership rights and is subject to the Rules of the Society. Copies of the Rules can be obtained from any branch or from our Principal Office.

Instant Access Account

1. Interest rates are variable.
2. The minimum opening and operating balance is £1 and the maximum is £1 million.
3. Transactions can be made by cash (branch only), cheque or transfer.
4. All transfers to and from other Skipton accounts (where applicable) are subject to the terms and conditions of those accounts.
5. Withdrawals can be made by cash (up to £250 per day at any branch), cheque or transfer to other Skipton accounts. Withdrawals through our Principal Office may only be made by cheque or transfer.
6. Interest will be calculated and credited to your account at midnight on 1 January each year.
7. Instant Access is a share account which confers membership rights and is subject to the Rules of the Society. Copies of the Rules can be obtained from any branch or from our Principal Office.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Gross means the interest paid before the deduction of income tax at 20%.

Let us know what you think

Making sure our members are happy matters to us. So if you think we could improve our products or services, or if you have a complaint, please let us know. If you'd like to find out more about our internal complaints procedure, please ask for details at any branch or from our Principal Office. Complaints we cannot settle may be referred to the Financial Ombudsman Service.