Cheques received at the Society's Principal Office will be subject to a cheque clearance period of 7 working days. All transactions must be by cheque to and from the Society's Principal Office in Skipton. Withdrawal cheques cannot be made payable to a third party. Transfers are allowed to and from other Skipton Building Society accounts that are held solely in your name, subject to the normal terms and conditions of the accounts, provided that a minimum of 500 is transferred at each transaction. Should your balance fall below the minimum operating balance of 10,000 the account will be closed and the balance, with any interest due, will be returned to you.
Interest rates are variable.
For the annual interest option interest will be accrued on a daily basis and will be added to your account or paid into a bank account at midnight 31st March each year. Skipton Building Society is a member of the Building Societies Investor Protection Scheme established under the Building Societies Act 1986. Most share and deposit accounts held in sterling are covered. Further details are available on request from the Society. Direct 30 is a share account which confers membership rights.