Skipton Building Society

Established in 1853, Skipton is the UK's fourth largest building society.

Skipton is a mutual, meaning that its members (account holders) own it, rather than private investors.

As well as its traditional savings and loan business, the Skipton Group also offers insurance and owns the Connells estate agency chain.

Skipton Building Society offers savings accounts, mortgages and home insurance provided by Legal & General. It does not offer a current account.

Their headquarters are in Skipton, North Yorkshire.

Skipton Building Society
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Gold ribbon: first place

Mortgages

Ranked 6th of 23 providers reviewed.

Customer happiness score 62.23%
Customer trust score 55.04%
Complaints performance 80.13%
Transparency rating 72.01%
Fairer Finance score
Reviewed Autumn 2023		 67%
Gold ribbon: first place

Savings Accounts

Ranked 7th of 53 providers reviewed.

Customer happiness score 70.08%
Customer trust score 68.88%
Complaints performance 78.88%
Transparency rating 78.92%
Fairer Finance score
Reviewed Autumn 2023		 74%

Children's Accounts

Children's Savings Accounts

Skipton Building Society

Childrens Trust Saver Issue 7

Account Type i Easy Access
Interest Rate (AER) i 3.8%
Minimum Opening Balance i £1.00
Maximum Balance i £50,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 17
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Skipton Building Society

Children's Saver Issue 7

Account Type i Easy Access
Interest Rate (AER) i 3.8%
Minimum Opening Balance i £1.00
Maximum Balance i £50,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 17
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Home insurance (building and contents)

Skipton Building Society

Gold

2 stars
Theft from outbuildings i £0.00
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Alternative accommodation cover limit for buildings i £50,000.00
Protection against inflation (Buildings)
Contents cover limit i £80,000.00
Money in the home i £500.00
Visitor's possessions i £1,000.00
Office equipment i £15,000.00
Buildings cover limit i £1,000,000.00
Trace and access i £5,000.00
Keys/locks if lost or stolen (Buildings) i Sum insured
Alternative accommodation cover limit for contents i £25,000.00
Cancellation fee within 14 days i £0.00
Cancellation fee after 14 days i £0.00
Contents compulsory excess i £250.00
Flood excess i £500.00
Escape of water excess (minimum) i £500.00
Property owner liability i £5,000,000.00
Liability to domestic employees i £10,000,000.00
Liability as a tenant i £10,000.00
Replace belongings new for old i

Skipton Building Society

Silver

1 stars
Theft from outbuildings i £0.00
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Alternative accommodation cover limit for buildings i £25,000.00
Protection against inflation (Buildings)
Contents cover limit i £80,000.00
Money in the home i £250.00
Visitor's possessions i £0.00
Office equipment i £5,000.00
Buildings cover limit i £1,000,000.00
Trace and access i £0.00
Keys/locks if lost or stolen (Buildings) i £750.00
Alternative accommodation cover limit for contents i £15,000.00
Cancellation fee within 14 days i £0.00
Cancellation fee after 14 days i £0.00
Contents compulsory excess i £250.00
Flood excess i £500.00
Escape of water excess (minimum) i £500.00
Property owner liability i £5,000,000.00
Liability to domestic employees i £10,000,000.00
Liability as a tenant i £5,000.00
Replace belongings new for old i

Buildings insurance

Skipton Building Society

Gold

2 stars
Matching sets (Buildings) i 50% of the cost of replacing the undamaged parts
Frozen pipes i
Escape of water excess for buildings i £500.00
Underground pipes, cables and tanks i Not covered
Selling your home i
Emergency entries i
Accidental damage to drains i
Buildings compulsory excess i £250.00
Unoccupied period i 60 days
Helpline i
Cancellation fee after 14 days (buildings) i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £5,000,000.00

Skipton Building Society

Silver

1 stars
Matching sets (Buildings) i 50% of the cost of replacing the undamaged parts
Frozen pipes i
Escape of water excess for buildings i £500.00
Underground pipes, cables and tanks i Not covered
Selling your home i
Emergency entries i
Accidental damage to drains i
Buildings compulsory excess i £250.00
Unoccupied period i 60 days
Helpline i
Cancellation fee after 14 days (buildings) i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £5,000,000.00

Contents insurance

Skipton Building Society

Gold

2 stars
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings i £0.00
Cover for items away from home i Not covered
Property owner liability i £5,000,000.00

Skipton Building Society

Silver

1 stars
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings i £0.00
Cover for items away from home i Not covered
Property owner liability i £5,000,000.00

Notice Savings Accounts

Up to 180 Day Notice Accounts

Skipton Building Society

120 Day Notice Account Issue 12

Interest Rate (AER) i 4.1%
Part of FSCS i
Notice Period 120 days
Minimum Opening Balance i £1.00
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i Earlier access costs 120 days interest

Savings Accounts

1 Year Fixed Rate Accounts

Skipton Building Society

1 Year Fixed Rate Branch Bond Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Skipton Building Society

1 Year Fixed Rate Bond Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

Skipton Building Society

2 Year Fixed Rate Bond Issue 246

Interest Rate (AER) i 4.2%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Skipton Building Society

2 Year Fixed Rate Branch Bond Issue 246

Interest Rate (AER) i 4.2%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

3 Year Fixed Rate Accounts

Skipton Building Society

3 Year Fixed Rate Bond Issue 246

Interest Rate (AER) i 4%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Skipton Building Society

30 Month Fixed Rate Bond Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £5,000.00
What happens at maturity? i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Skipton Building Society

3 Year Fixed Rate Branch Bond Issue 246

Interest Rate (AER) i 4%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. Unless you instruct them the money will be transferred into a fixed term account with similar terms. You can withdraw the money from this account during the first 21 days.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Skipton Building Society

30 Month Fixed Rate Branch Bond Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £5,000.00
What happens at maturity? i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

5 Year Fixed Rate Accounts

Skipton Building Society

5 Year Fixed Rate Bond Issue 246

Interest Rate (AER) i 4%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Skipton Building Society

5 Year Fixed Rate Branch Bond Issue 246

Interest Rate (AER) i 4%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

Skipton Building Society

Branch Easy Access Saver Issue 2

Interest Rate (AER) i 3.8%
Balance Tiers i 3.80% from £1
Minimum Opening Balance i £1.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Skipton Building Society

Easy Access Saver Issue 3

Interest Rate (AER) i 3.8%
Balance Tiers i 3.80% from £1
Minimum Opening Balance i £1.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Skipton Building Society

Trust Saver Issue 3

Interest Rate (AER) i 3.35%
Balance Tiers i 3.35% from £10,000
Minimum Opening Balance i £10,000.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i Available to those who want to fund an account to be held in a new bare trust or to appointed trustees

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Skipton Building Society

1 Year Fixed Rate Branch Cash ISA Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account reaches maturity. If they receive no further instruction the funds will be transferred into a 1 year fixed term ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 90 days interest, you could get back less than you paid in.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Skipton Building Society

1 Year Fixed Rate Cash ISA Issue 246

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account reaches maturity. If they receive no further instruction the funds will be transferred into a 1 year fixed term ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 90 days interest, you could get back less than you paid in.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

2 Year Fixed Rate ISAs

Skipton Building Society

2 Year Fixed Rate Branch Cash ISA Issue 246

Interest Rate (AER) i 4.2%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account reaches maturity. If they receive no further instruction the funds will be transferred into a 1 year fixed term ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Skipton Building Society

2 Year Fixed Rate Cash ISA Issue 246

Interest Rate (AER) i 4.2%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account reaches maturity. If they receive no further instruction the funds will be transferred into a 1 year fixed term ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

Skipton Building Society

Branch Cash ISA Saver Issue 4

Interest Rate (AER) i 3.8%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Skipton Building Society

Cash ISA Saver Issue 21

Interest Rate (AER) i 3.8%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Skipton Building Society

Branch Step Up ISA Saver Issue 2

Interest Rate (AER) i 4.3%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Skipton Building Society

Step Up ISA Saver Issue 2

Interest Rate (AER) i 4.3%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Junior ISAs

Skipton Building Society

Junior Cash ISA Issue 7

Interest Rate (AER) i 4.75%
Part of FSCS i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Are early withdrawals allowed? i
Conditions of early withdrawal i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Lifetime ISAs

Skipton Building Society

Cash Lifetime ISA Issue 6

Interest Rate (AER) i 3.25%
Part of FSCS i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Withdrawal Penalty i 25% charge for withdrawals.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i
Additional Information i