Skipton Building Society offers a range of products targeted at those saving for their future and potential home ownership.
Skipton offer savings, mortgages, retirement, insurance, and legacy based services. Read on to find out if Skipton’s savings accounts seem well suited to your financial circumstances.
Grow your savings at Raisin UK
Raisin UK makes it easier to apply for deposit protected savings accounts. Our savings service connects you with a range of banks and includes exclusive savings accounts and rates; all curated to help you earn more from your savings:
A welcome bonus offer of up to £50
Wide range of partner banks all offering FSCS protection
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Skipton has been providing for UK customers since 1853, growing to become one of the UK’s largest building societies.
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.
Compare other savings accounts
Table: sorted by interest rate, promoted deals first
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
What savings accounts does Skipton Building Society offer?
Skipton Building Society currently offer several different savings accounts:
Fixed Rate E-Bonds
Invest a lump sump of £500 or more when opening an account
Fixed interest rate guaranteed for the fixed term
No deposits after seven days of opening the account
No withdrawals or closure prior to maturity
Fixed Rate Cash ISAs and interest rates
Invest lump sum in first seven days of opening the account
Fixed interest rate guaranteed for the fixed term
No deposits after first seven days of opening the account
No Withdrawals until maturity
Transfer ISA savings from previous tax years.
Easy Access
Variable interest rate
Unlimited deposits and withdrawals
Lifetime ISA
For ages 18-39
Save up to £4,000 each year towards first home purchase or retirement
No withdrawals for any other purpose until the age of 60
Penalty on early withdrawal for any other purpose
How do I decide which account is for me?
You need to work out what it is you need from your bank 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 after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank 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)
Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)
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 are the benefits and drawbacks 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.
The drawbacks
No current account options available. Some people may prefer having their current and savings accounts with the same institution.
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Read more on this topic
Current interest rates in the UKWe have researched the average interest rates to show how much interest you are making by keeping your cash in a savings account.
Finder's alcohol savings calculatorHow much are we saving by not hitting the old watering hole after work hours? Use Finder's calculator to see how much you're saving.
Leap year 202029 February (2020’s leap year day) may fly under the radar for a lot of people, but research from Finder has found that Brits on a full-time salary are losing an average of £151.40 because of it.
Compound interest for savings accountsWe look at the definition of compound interest, what it concretely means and how you can use it to grow your savings more quickly.
Offshore savings accountsLearn how offshore savings accounts work, which taxes you need to pay and how to score the best deal.
Thanks for reaching out to finder. Looks like there are no debit or credit card products available at Skipton Building Society. Nevertheless, you may like to check your options for a credit card on this page and for debit cards (from current account) here. Best to check the details and eligibility requirements first before you submit your application or contact the bank to discuss your options.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
Can I get a debit or credit card from Skipton Building Society. I have a savings account and my pension is paid into that account also.
Hi Glenys,
Thanks for reaching out to finder. Looks like there are no debit or credit card products available at Skipton Building Society. Nevertheless, you may like to check your options for a credit card on this page and for debit cards (from current account) here. Best to check the details and eligibility requirements first before you submit your application or contact the bank to discuss your options.
Cheers,
May