Savings FAQs

  • Can the interest rate change once the account has been opened?

    Yes, on all of our access and notice accounts the rates are variable. Only our Fixed Rate Bond’s guarantee the rate.

  • Can an interest rate change in a bond?

    No, this is a fixed rate bond and the rate will not change until maturity.

  • Am I responsible for declaring the interest I earn on my account to my local tax authority?

    Yes, you are responsible for declaring any interest earned with Skipton.  Skipton will only pay interest gross and never deduct tax at source.