Building society launches new Cash ISA with 'competitive' 4.9% interest rate

详细摘要

Skipton Building Society has strengthened its savings range with the launch of a new 15 Month Fixed Rate Cash ISA paying 4.90% AER/tax-free p.a. (fixed). It gives savers…

A new 4.9% Cash ISA is being offered by a UK building society - and savers only need £1 to open it. Cash ISAs remain popular for UK savers, as they allow people to save up to £20,000 without paying tax on the interest they earn. And there is plenty of competition in the market, and experts have urged savers to be on the lookout for higher rates than they are currently earning, as many people are earning interest well below the current average. In fact, some people have money sitting in accounts paying little or no interest at all. Several savings providers have recently unveiled new and improved interest rates for savers, including a well-known building society.

Skipton Building Society has strengthened its savings range with the launch of a new 15 Month Fixed Rate Cash ISA paying 4.90% AER/tax-free p.a. (fixed). It gives savers consistency, with a competitive fixed rate for 15 months.

It is available to new and existing customers from November 12, 2026. Additionally, the account can be opened online, through the Skipton app, in branch, by post or over the phone.

Interest can be paid annually or monthly. The account does not suit those seeking unlimited withdrawals, as partial withdrawals are not permitted.

"With savings rates continuing to shift, it's understandable that people want greater certainty about the returns on their hard-earned money," said Alex Sitaras, head of savings and partnership products at Skipton Building Society. "Our new 15 Month Fixed Rate Cash ISA offers a competitive rate of 4.90%, giving savers the reassurance of knowing exactly what they'll earn over the term.

"Whether you're making the most of your ISA allowance, building a financial safety net or saving towards a future goal, it's important to make sure your money is working as hard as it can. Even a simple review of your savings could make a real difference, particularly if your money is sitting in an account that's no longer offering a competitive return.

"As a mutual, we believe savers…

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