Fixed Rate

Skipton Building Society 5 Year Fixed Rate Bond Review

A competitive five-year fixed rate bond from Skipton Building Society. It ranks 14th of 38 five-year fixed rate bonds we track.

Fixed rate · 5 years

4.92%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

No limit

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 14th of 38

5-year fixed bonds we track

Above average
This account 4.92%
UK CPI (Aug 2026)
3.10%
Pays 1.82% more
Average 5-year fixed
4.74%
Pays 0.18% more
Best 5-year fixed
5.35%
Pays 0.43% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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Pros and cons

  • Pro: New and existing savers
  • Con: Your money is locked in for 5 years

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Estimated returns with Skipton Building Society's Fixed Rate

What you could earn with Skipton Building Society's 5 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£271

At 4.92% AER

£5,000 saved

£1,357

At 4.92% AER

£10,000 saved

£2,714

At 4.92% AER

£50,000 saved

£13,571

At 4.92% AER

Estimated over the 60-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Skipton Building Society 5 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Skipton's 5 Year Fixed Rate Bond pays 4.92%, which sits near the market average for fixed-rate bonds but is 0.43% behind the current market leader at 5.35%, so it is not the sharpest option for committed long-term savers. The rate does beat CPI inflation of 3.1% by 1.82 percentage points, which at least preserves real value. The obvious catch is that your money is completely locked away for five years with no access until maturity, so this suits only those who are genuinely certain they will not need the funds. Chetwood Bank's 5 Year Fixed Rate Savings at 5.20% is worth a look before committing.

Compare Fixed Rate Bonds

2 alternatives to Skipton Building Society's 5 Year Fixed Rate Bond

Same type of account, closest on rate.

Common questions about the 5 Year Fixed Rate Bond

D

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