Skipton Building Society savings accounts & rates: Any good?

Can it put a skip in your step? Skipton Building Society offers a broad range of savings accounts with interest rates up to 6%.

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Skipton has been providing for UK customers since 1853, growing to become one of the UK’s largest building societies.

Skipton Building Society offers a range of products targeted at those saving for their future and potential home ownership, including savings, mortgages, retirement, insurance, and legacy-based services.

Skipton Building Society's top savings rate of 6% is available on one of its regular savings accounts.

Easy access savings accounts

Table: sorted by interest rate
Skipton Building Society's best easy access rate of 3.9% is significantly lower than today's market-best rate of 6%.
5 of 5 results
Account type Withdrawals Min. opening balance Rate Deposit protection Open via Incentive
Skipton Building Society logo
Variable
Easy access
£1
3.9% AER variable
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Skipton Building Society logo
Variable
Easy access
£1
2.3% AER variable
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Open via: branch, post, telephone.
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Skipton Building Society logo
Variable
Easy access
£1
2.3% AER variable
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Compare product selection
Skipton Building Society logo
Variable
Easy access
£1
2.3% AER variable
FSCS protected badge
Open via: branch, post, telephone.
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Skipton Building Society logo
Variable
Easy access
£1
2.3% AER variable
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Open via: branch, website, mobile app, post, telephone.
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Cash ISAs

Table: sorted by interest rate
Skipton Building Society's best cash ISA rate of 4.13% is slightly lower than today's market-best rate of 4.67%.
5 of 15 results
Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description
Skipton Building Society logo
4% AER variable
£1
Annually
Easy access
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Open via: branch, website, post, telephone.
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Skipton Building Society logo
3.9% AER variable
£1
Annually
Up to 4 free withdrawals without notice
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Open via: branch, website, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 1.2 years
£5,000
Monthly
Withdrawals not permitted
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Open via: branch, website, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 3 years
£500
Annually
Withdrawals not permitted
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Open via: branch, website, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 3 years
£500
Monthly
Withdrawals not permitted
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Open via: branch, website, post, telephone.
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Fixed-rate bonds

Table: sorted by interest rate
Skipton Building Society's best fixed-rate bond rate of 3.75% is slightly lower than today's market-best rate of 4.5%.
5 of 10 results
Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description
Skipton Building Society logo
3.75% AER fixed for 3 years
From £500
Annually
Withdrawals not permitted
Branch, website, mobile app, post, telephone
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 3 years
From £500
Monthly
Withdrawals not permitted
Branch, website, mobile app, post, telephone
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 5 years
From £500
Annually
Withdrawals not permitted
Branch, website, mobile app, post, telephone
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Skipton Building Society logo
3.75% AER fixed for 1.2 years
From £5,000
Annually
Withdrawals not permitted
Branch, website, mobile app, post, telephone
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
Go to siteMore info
Compare product selection
Skipton Building Society logo
3.75% AER fixed for 5 years
From £500
Monthly
Withdrawals not permitted
Branch, website, mobile app, post, telephone
FSCS protected badge
Open via: branch, website, mobile app, post, telephone.
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Regular savings accounts

Table: sorted by interest rate
Skipton Building Society's best regular savings account rate of 6% is slightly lower than today's market-best rate of 7.5%.
2 of 2 results
AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description
Skipton Building Society logo
6% variable
£0 to £250 per month
1 year
Maturity
FSCS protected badge
Open via: branch, website, mobile app, post, telephone. Available to Skipton Building Society member customers.
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Skipton Building Society logo
5.5% variable
£0 to £200 per month
1 year
Maturity
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Business savings accounts

Table: sorted by interest rate
Skipton Building Society's best business savings account rate of 2.65% is significantly lower than today's market-best rate of 4.55%.
2 of 2 results
Interest rate Interest paid Open with Term Incentive Table product description
Skipton Building Society logo
2.3% AER variable
Annually
£1 - £1,000,000
Instant access
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Skipton Building Society logo
2.3% AER variable
Monthly
£1 - £1,000,000
Instant access
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What is Skipton Building Society's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Skipton Building Society offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 3.9%
Best cash ISA rate 4.13%
Best fixed-rate bond rate 3.75%
Best regular saver rate 6%
Best business savings account rate 2.65%
Fixed bond terms 1 year - 5 years
Opening options Branch, website, mobile app, post, telephone
FSCS protection

How do I decide which account is for me?

You need to work out what it is you need from your savings account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you hoping to maximise interest?

You need to work out what you need before comparing the different offers available for certain types of savings account. Once you’ve done that, useful guidelines to compare include:

  • Interest rates
  • Fees (if there are any)
  • Access to cash (if you need quick access for instance)

Does Skipton offer online or mobile banking?

Yes. Skipton offers both internet banking and an app, which can be dowloaded from both the Apple Store and the Google Play Store.

When you open an account you’ll be given a Customer ID along with your password and memorable details, to log into your account. Here are some of the basic features of Skipton’s online banking service:

  • Easy to navigate around savings section
  • Manage and arrange transactions
  • Manage personal details and preferences
  • Web Chat and secure messages
  • Website optimised for use on desktop, mobiles and tablets

What is a 'building society'?

A building society is a financial institution owned by its members. They offer banking, and related financial services including mortgages and savings.

Whereas banks are normally listed on the stock market and run for their shareholders, building societies aren’t. Because they don’t have shareholders to pay, building societies have historically claimed to offer better interest and cheaper mortgage rates than banks.

Pros and cons of saving with Skipton Building Society

Pros

  • Well trusted. Skipton has built its reputation over many years with UK customers, and can be regarded as a trusted building society.
  • Better interest rates. Building societies don’t have shareholders to pay, and have usually claimed to offer better interest rates than banks.
  • Customer service. Skipton’s customer service has won them several awards.

Cons

  • No current account options available. Some people may prefer having their current and savings accounts with the same institution.

Customer service information for Skipton Building Society

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Bottom line

Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, Skipton Building Society offers a range of savings accounts. Don’t forget to check out our top savings rates first, though, to see how they weigh up against the competition in terms of rates, fees and perks.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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