Savings have come in for a tough time recently, as the Bank of England maintained its base rate at 0.1 percent. This has undoubtedly affected many providers, who dropped their interest rates accordingly. While it has been challenging to secure a solid interest rate recently, there have been some providers who have held out.
However, there will be eligibility criteria for individuals to bear in mind when it comes to this account.
As the name of the account suggests, it is only available to existing Skipton members.
These individuals must have held continuous membership with the building society since on or before August 16, 2021.
The building society explains: “If you have a personal savings account or mortgage with us, it means you’re a Member of the Society, as long as you keep a minimum balance of £1.
“If you operate an account on someone else’s behalf, for example, as an attorney or personal representative, you are not the member – membership stays with the customer named on the account.”
There are thankfully a number of ways Britons can open this account to suit their…
