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Regular Saver accounts

Our Regular Saver Accounts help you grow your savings by paying in money every month.

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Why choose a Regular Saver Account?

For regular saving

Save a maximum amount each month (for example £250).

For growing your money

You’ll earn a higher rate of interest than other types of savings usually offer. 

For storing savings for the future

You can’t make withdrawals from your savings account (although you can close it early without paying a penalty if you need access to your money). 

How do Regular Saver Accounts work?

Who are Regular Saver Accounts for?

Our Regular Savers could be a good option for you if you have spare money each month that you want to get working hard towards your future goals. 

  • It’s a good idea to consider if you have money set aside for just-in-case moments like unexpected large bills first. Life changes and things happen, so we’d always recommend you have some savings in a place you can access as and when you need to. 
  • If you have spare money after outgoings – and have just-in-case savings in place – this is where a Regular Saver Account could help. It allows you to build up savings and potentially earn a higher rate of interest towards your financial future. It’s a way to put money away that you’re unlikely to need right now. 

How do I open a Regular Saver Account?

You can open a Regular Saver Account online (on our website and using our app), in branch, over the phone or by post.

Can I withdraw from a Regular Saver Account?

You can't withdraw from your account during the fixed term, but you can close it at any time if you really need to.

Frequently Asked Questions

You can apply for a member savings account if you're an existing member who has held continuous membership since 20 January 2025 or before.

If you have a personal savings account or mortgage with us, it means you’re a member of the Society, as long as you keep a minimum balance of £1.

If you operate an account on someone else’s behalf, for example, as an attorney or personal representative, you are not the member – membership stays with the customer named on the account.

If you want to send money from a UK bank or building society, please use the following banking details:

Account holder name:
Your full name

Sort code:
20-78-91

Account number:
70798924

Reference:
Your 9-digit Skipton account number

Free advice on your money?

If you’re not sure whether a regular savings account is right for you, we’re here to help you make informed decisions. With a My Money Review, our Savings Specialists can look at your finances and advise you on ways we could help you make more of your money. Best of all, this service is completely free. 

Book your My Money Review
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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

Jargon Explained

AER

AER stands for Annual Equivalent Rate and 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. We pay all non ISA 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. Please be aware that products can be withdrawn at any time and without notice.