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Skipton
Building Society
My
Secret Saver
This
instant access savings account from
the Skipton Building Society can be
operated in one
of two ways. You
can open either the online only version
of the
account or you can
choose the
branch, phone (Skipton Direct) and postal
based
option.
If
you decide to operate the account via
a branch then a
passbook is provided
and transactions (both
withdrawals and deposits) can
be carried out in cash or
cheque and bank
transfer. You can also make deposits
by debit card.
In
branch, cash withdrawals of up to £250
and cheque withdrawals of up to
£100,000
are permitted without notice. Cheques
for larger amounts are sent
from
Head Office.
Where
you have opted to manage your account
online withdrawals can be carried
out
by an electronic bank transfer to your
nominated bank or building society
account.
Deposits can still be carried out
by debit card, cash or cheque in branch
along
with transfers from another bank or building
society account.
The
minimum opening and
operating balance (and withdrawal amount)
is only £1.
The maximum allowed
balance is £1M. You must be UK resident
and at least 16
and
accounts can also be opened jointly.
You
can also choose to have your interest
paid annually (on the last day of
November)
or monthly. Currently, a good rate of interest in being paid
on
the
account.
Their
other savings and investment products
include bonds, various online
accounts,
ISAs and notice and regular savings
varieties.
The
Skipton Building Society is a mutual
society that was founded in 1853.
It
is the fourth largest building society
in the UK and has 105 branches.
As
well as offering savings and investments,
it also provides mortgages,
insurance,
financial
advice and life planning services such
as will writing.
Return
to UK bank account,
prepaid credit cards or
business bank account
page.
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