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2 Year Fixed Rate Cash ISA

Earn 4.10% AER fixed on your savings

  • 4.10% tax-free pa / AER fixed (annual interest)
Summary Box Apply Online

Exclusive offer for members who joined on or before 12 March 2025

Free £50 John Lewis gift card if you pay at least £10,000 by ISA transfer(s)  from another provider(s) into this or any fixed rate Cash ISA from our range.

18+, UK residents only. Excludes ISAs in our maturity range. Request your ISA transfer by the last paying in date as detailed in the account T&Cs. Request must also be made before the offer is withdrawn, which may be anytime before 9am on 8 May 2025, and without notice. Charges from your existing provider(s) may apply. Gift Card sent within 60 days of the last paying in date. Terms and conditions apply.

This account might be right for you if you:

  • have a lump sum of at least £500 to deposit and you don't want to continue to pay in after 16/04/2025.
  • want a fixed rate of interest that's guaranteed for the fixed term.
  • want to be able to transfer ISA savings from other ISAs.
  • don’t want to withdraw money before the end of the fixed term. If you close your account early you will incur an interest penalty so you may get back less than you paid in.
  • are aged 18 or over.

Summary Box

It is important that you read all parts of the Summary Box before you apply.

Account Name

2 Year Fixed Rate Cash ISA

What is the interest rate?

Annual interest:

4.10% tax-free pa/AER

  • This account earns interest daily. Annual interest is added to the account the day before the anniversary of account opening.
  • Monthly interest is not available on this account.
  • If you ask us to pay interest to another account, we’ll pay it on the first business day after the day we’d have added it to this account. Business days exclude Saturday, Sunday and bank holidays.

Can Skipton Building Society change the interest rate?

  • The interest rate is fixed for the term of the 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 £1,083 based on the following assumptions:

  • the account is opened with £1,000 and starts earning interest straight away.
  • no further deposits or withdrawals are made.
  • the interest is paid annually.
  • interest is added to this account.

Estimated balances are for illustrative purposes only. They may be less for accounts opened by debit card or cheque, because interest won’t be earned until your account receives the deposit.

How do I open and manage my account?

  • This account is available to UK residents aged 18 or over. However, if you're not a UK resident, you may still be able to open this account if you meet the government's ISA requirements. Please see the ISA Declaration [PDF] on our application form for more details.
  • To open and manage this account, a valid email address must be provided.
  • You can open and manage it through Skipton Online, in the Skipton App, in branch, by post or phone. You may be required to set up appropriate security and access measures, and these might differ depending on how you choose to manage the account.
  • The minimum opening and operating balance for this account is £500.
  • You can pay in your total ISA allowance (currently set at £20,000 per tax year).
  • You can also request transfers in from other ISAs you have with us or another provider.
  • Any payments or ISA transfer requests into this account need to be received on or before 16/04/2025. After this, the account will be closed to payments in. If you’re paying in by ISA transfer, the money in the existing ISA must be available for transfer before this date.
  • You can find information on how to transfer an existing ISA into this account in the 2 Year Fixed Rate Cash ISA Key Features and Account Terms and Conditions [PDF].
  • The maximum balance for this account is £1 million.
  • Joint accounts aren’t allowed.

Can I withdraw money?

  • You’ve 14 days from when you open your account to notify us (in writing, in branch or by phone) if you wish to cancel your account.
  • You can’t withdraw part of your account balance. However, you can close your account at any time and withdraw the full balance through Skipton Online, the Skipton App, in branch, by post or phone, as long as you’ve set up the relevant security and access measures. You can also transfer it to another ISA.
  • If you withdraw by electronic payment this must be made to a UK bank or building society account in your own name. We won’t make an electronic payment to any other type of account.
  • If you close the account after the 14-day cancellation period but before the end of the fixed term, you’ll have to pay 180 days’ worth of interest, so you might get back less than you paid in.
  • At the end of the fixed term, which is known as ‘maturity’, your account will automatically transfer into a new 1 year fixed rate Cash ISA, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in term 9 of the further terms and conditions.

Additional information

  • The Annual Equivalent Rate (AER) shows what the interest rate 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.

Before you apply

  • You need an active email address to open this account. If you don't have one, call us or visit your local branch to discuss your options.
  • You will need to provide your National Insurance number, so it’s a good idea to have it to hand before you begin.
  • You may need to prove your identity – to find out more about this, please read How to prove your name and address [PDF]    
  • Read these documents in full: 

2 Year Fixed Rate Cash ISA Key Features and Account Terms and Conditions [PDF]

Savings Account Terms and Conditions [PDF]

Ready to apply?

You are applying for: 2 Year Fixed Rate Cash ISA

Apply Online

Other ways to apply

If you prefer to open this savings account a different way, we offer a range of options.

  • In branch: Pop to your nearest branch
  • Over the phone: Call us on 0345 608 0783
  • By post: Download an application form and post it to us
    Savings Operations
    Skipton Building Society
    The Bailey
    Skipton
    BD23 1DN

New ISA Application and Cash ISA Transfer Form [PDF]
Stocks and Shares ISA Transfer Form [PDF]

Man in wheelchair looking at tablet

You're protected up to £85,000

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

Member ISA Transfer Offer

These terms and conditions apply to those eligible members who have held a Skipton mortgage or savings account since 12/03/2025. Our Member ISA Transfer Offer of a £50 John Lewis gift card is for qualifying ISA transfers of at least £10,000 from another ISA provider into a new fixed rate Cash ISA with Skipton. This offer is valid until it is withdrawn, which may be anytime before 9am on 8 May 2025, and without notice, see condition 4.2. 

Where we refer to ‘gift card’ this can also mean ‘e-gift card’. See condition 3.4 for more information.

1 Eligibility

1.1 To qualify for this offer you must:

• Hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 12/03/2025 with a minimum balance of £1.

• Be eligible to hold a fixed rate Cash ISA, please see the fixed rate Cash ISA terms and conditions.

• Open a new fixed rate Cash ISA with Skipton Building Society and pay in at least £10,000 into the fixed rate Cash ISA by ISA transfer(s), from another ISA provider(s).

- Your ISA transfer in request must be submitted before the last paying in date for your Skipton fixed rate Cash ISA. The last paying in date is as outlined in the summary box of the account terms and conditions.

- Your ISA transfer of at least £10,000 must be into one fixed rate Cash ISA product from our range. The minimum £10,000 transfer amount cannot be split across multiple Skipton ISAs.

• Transfer in at least £10,000 in total, even if you are transferring more than one ISA from other providers into a Skipton fixed rate Cash ISA.

• Continue to hold the qualifying account with at least £10,000 on the date we make the voucher payment.

1.2 Qualification for the offer is based on the value of the transferred ISA(s) on completion of the transfer in.

1.3 Fixed rate Cash ISAs from our maturity range do not qualify for this offer.

2 Making an ISA Transfer in request

2.1 You must open the fixed rate Cash ISA you wish to transfer funds into before requesting the ISA transfer.

2.2 If you withdraw funds from your existing ISA(s) to pay into your Skipton fixed rate Cash ISA without using the ISA transfer process, your funds will lose their tax-free status and you will not be eligible for the Member ISA Transfer Offer.

2.3 For details on how to request an ISA transfer please see the account terms and conditions.

2.4 Charges from your existing ISA provider(s) may apply.

2.5 We are not responsible for any delay by your existing provider in processing the transfer.

3 Administration and gift card details

3.1 This offer is provided by Skipton Building Society and administered by The Marketing Lounge Partnership (MLP), The Cow Shed, Walnut Tree Farm, Lower Stretton, Cheshire, WA4 4PG.

3.2 If you meet the eligibility criteria (see condition 1.1), you are eligible for one £50 John Lewis gift card.

• You may choose to open multiple Skipton fixed rate Cash ISAs however, gift cards are limited to one per member.

3.3 You will receive your gift card after we have received the funds from your existing ISA provider(s).

• Gift cards will be distributed within 10 business days of 31 May 2025.

3.4 If your fixed rate Cash ISA can be managed online, you will receive your £50 John Lewis e-gift card by email. If your fixed rate Cash ISA cannot be managed online, you will receive your £50 John Lewis gift card by post.

We will use the email address and correspondence address held on our system for the distribution of your gift card or e-gift card.

3.5 Once your e-gift card has been distributed, you will have 60 days to visit the link in your email to reveal your unique e-gift card code.

If you do not reveal your unique e-gift card code within the 60 days, it will expire. If you have not revealed your unique e-gift card code within the 60 days, we may not issue another one.

After you have revealed your unique e-gift card code, you have a further 30 days to view the unique e-gift card code through the link in your email.

3.6 The gift card and any use of it (including validity period and resale instructions or restrictions) is subject to John Lewis’ terms and conditions, which you can find here: www.johnlewis.com/customer-services/shopping-with-us/terms-and-conditions

4 Additional information

4.1 The Member ISA Transfer Offer is not transferable.

4.2 We reserve the right to withdraw, alter, extend, or replace this Member ISA Transfer Offer at any time and without notice.

4.3 If you have requested an ISA transfer to Skipton Building Society after the Member ISA Transfer Offer starts and we subsequently withdraw the Member ISA Transfer Offer before the ISA transfer completes, you will be eligible for the gift card as long as you meet the eligibility in condition 1.1.

4.4 We reserve the right to not provide a gift card where we suspect or are made aware that this offer is being abused.

4.5 Before opening an account to take advantage of this offer, we strongly advise for your own benefit and protection that you read all the applicable terms and conditions. This includes these terms, which apply in addition to our Savings Account Terms and Conditions and account terms and conditions (which are both available on request or via our website). This is because you will be legally bound by them, and we intend to rely on them. If you do not understand any point, please ask for further information.

4.6 In certain circumstances, for example, where we require further evidence of your identity, you may be asked to return additional documentation to support your account opening application. Please allow sufficient time to complete the application process.

5 Your personal data

5.1 Skipton Building Society is the data controller. We are responsible for the information we collect, hold, share, and use about you.

5.2 Prior to receipt of your gift card, we will provide MLP (see condition 3.1) with your name and relevant contact details. We will also securely share with them your customer reference number. This information is required for the administration of the Member ISA Transfer Offer, including the distribution of gift cards.

5.3 For more information on how we use your data: who it is shared with and why, how long it is kept, your rights and how to exercise them, visit our full Data Privacy Notice online, ask in branch or call us on 0345 608 0783 for a copy.