3 Year Fixed Rate Cash ISA

Account Name

3 Year Fixed Rate Cash ISA

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 £1,124 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 05/03/2025. 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 3 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 240 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 10.0 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.