Savings Interest Rates, Switch Offers and Guides for Skipton Building Society

Who they are

Skipton Building Society was established in 1853 in Skipton, North Yorkshire, where it remains headquartered. It is the UK's fourth largest building society, with over one million members and around 100 branches. As a mutual, it has no shareholders - so every decision is focused on delivering long-term value for members and the communities they live in. Skipton has resisted pressure to demutualise, while maintaining its competitiveness in the savings and mortgage markets.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. All savings accounts listed here carry FSCS protection up to £120,000 per person - notably higher than the standard £85,000 limit that applies to banks, reflecting Skipton's building society status.

Savings accounts

Skipton offers a wide range of accounts to suit different saving habits. The standout for regular savers is the Member Regular Saver, currently paying 5.75% variable - one of the stronger rates on the market for members who save consistently each month. Non-members can access a Regular Saver too, at 5.25% variable, which tracks 1.50% above the Bank of England Base Rate.

For easy access, the Member Easy Access Saver pays 4.25% variable from just £1. If you can live with some restrictions, the Two Access Saver offers 3.90% with up to two withdrawals a year. The standard Easy Access Saver at 2.05% is worth avoiding unless you genuinely need unlimited flexibility - the gap to their better accounts is too wide to ignore.

Fixed rate bonds range from 4.00% for one year to 4.60% for five years, each requiring a £500 minimum and no access until maturity. On the ISA side, the 18 Month Fixed Rate Cash ISA pays 4.51%, and there is a Cash ISA Base Rate Tracker at 4.07% for 24 months that moves with the Bank of England rate. Families saving for children can use the Junior Cash ISA at 3.80%, locked until the child turns 18, or the Children's Saver at 2.05% for more accessible funds.

Service and app

The setup process is straightforward online and the app covers day-to-day account management. Skipton suits savers who value branch access alongside digital tools, though those hunting the highest rate from a pure online challenger may find better elsewhere. It is worth noting that Skipton recently launched a new app, and some customers have reported teething issues - particularly around the secure passcode process. Accessing accounts via desktop browser may become more limited going forward , so if you prefer managing money on a PC, it is worth checking the current position before opening an account.

Is it right for you?

Skipton works well for savers who want depth and choice in one place - regular savers, fixed-rate bonds, cash ISAs including a tracker, and children's accounts all sit under one roof, with solid FSCS protection and a branch network to fall back on. The Member Regular Saver rate in particular rewards loyalty. Where Skipton is less compelling is on plain easy access - the standard Easy Access Saver lags well behind the market, so it is worth choosing your account carefully rather than defaulting to the most obvious option.

There are no current account switch offers to factor in. Rates are variable unless fixed, and all figures will shift over time - check the live rates shown on this page before you apply.