3 Year 66+ Member Income Bond Issue 1

The interest rate is fixed for the term of the account.

The estimated balance at the end of the fixed term would be £10,000.

The estimated interest earned over the term is £1,350, which equates to 36 monthly payments of £37.50 into your nominated account. It may be less for accounts opened by debit card or cheque, because interest won’t be earned until your account receives the deposit.

These estimations assume that:

• the account is opened with £10,000 and starts earning interest straight away
• no further deposits or withdrawals are made
• the interest is paid monthly
• the interest is paid to your nominated account.

Estimated balances are for illustrative purposes only.

• This account is available to UK residents aged 66 or over at the time of applying. You must hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 12/06/2022 with a minimum balance of £1.
• To open and manage this account, a valid email address must be provided, alongside details for your nominated account, where you would like your interest to be paid. This must be a UK bank or building society account in your name, it cannot be another Skipton account.
• You can open and manage it through Skipton Online, in branch, by post or by phone. Once opened, you can also manage your account in the Skipton App. 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 £10,000.
• Any payments into this account need to be received on or before 07/08/2024. After this, the account will be closed to payments in.
• The maximum balance for this account is £25,000.
• Joint accounts aren’t allowed.
• You can only hold one 66+ Member Income Bond Issue 1 (either a 66+ Member Income Bond or 66+ Member Income Branch Bond).

• 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 money until the end of the fixed term.
• At the end of the fixed term, which is known as ‘maturity’, your account will automatically transfer into a new easy access account, which has a variable rate of interest, 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.

• The AER shows what the interest rate would be if interest was paid and added each year. But for this account, the interest is paid monthly to your nominated account.
• We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.
• Accounts can be withdrawn from sale at any time and without notice.