Quadruple Access Cash ISA Saver

Account Name

Quadruple Access Cash ISA Saver

Can Skipton Building Society change the interest rate?

• Yes, the interest rate is variable, so it can go up or down.
• Section 8 of our Savings Account Terms and Conditions [PDF] explains why we may change the interest rate.
• If you have at least £100 in your account, we'll notify you in advance if we intend to reduce your interest rate.

What would the estimated balance be after 12 months based on a £1,000 deposit?

The estimated balance after 12 months would be £1,043 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
• the interest is added to this account
• there is no change to the interest rates stated.

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] 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 by 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 £1. You must keep at least this amount in the account to keep it open.
  
• The operating balance must be met for interest to be earned.
• Subsequent payments can be made from £1.
• You can pay in your total ISA allowance each tax year (currently set at £20,000 per tax year).
• You can also request transfers in from other ISAs you have with us or other providers. You can find information on how to transfer an existing ISA into this account in the Quadruple Access Cash ISA Saver 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?

• Yes, you can make up to 4 withdrawals per year (from the date of account opening) subject to the minimum operating balance.
• Partial ISA transfers of previous years' ISA subscriptions from this ISA to another ISA are included in the 4 withdrawals per year limit.
• If you need to make more than 4 withdrawals in the year, you can only do this by closing your account.
• As long as you’ve set up the relevant security and access measures, you can withdraw through Skipton Online, the Skipton App, in branch, by post or by phone.
• The minimum withdrawal amount is £1. You don't need to give us notice and there are no penalties.
• This account is flexible, so you can make 4 withdrawal(s) and put the money you've withdrawn back in without affecting your ISA allowance, as long as it’s done in the same tax year and the account is still open.
• 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.

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.