Skipton extends its NISA top up window

Skipton Building Society has extended its NISA top up window for customers.

Skipton was the first UK financial institution to do the right thing by its savers following changes to ISA rules in the March Budget. Within 48 hours of Chancellor George Osborne revealing his Budget, the UK’s fourth largest building society ensured that all Fixed Rate ISA customers who subscribed from 6April would be able to deposit their £5,940 current allowance and then top up to £15,000 in July, ensuring they wouldn’t miss out on the new allowance.
 
Recognising that many people have accounts that mature at the end of the month, and are subsequently unable to access the extra funds until then, the Society is once again doing the right thing for savers and is extending its top up window until 8 August to enable them to benefit.
 
Skipton is no stranger to supporting its savers. In June it took another bold step and wrote to all of its 2014-2015 ISA customers to personally inform them of the new rules following the Chancellor’s budget. Letters were sent to all Fixed Rate ISA and variable ISA customers who had deposited into their ISA in the 2014/15 tax year.
 
Skipton’s Head of Products, Kris Brewster, said: “We know just how important maximising use of ISA allowances is for Skipton customers are delighted to be able to extend our NISA top up window to ensure as many of Fixed Rate ISA customers can benefit from the increased NISA allowance as possible.”
 
The changes to ISA rules led to an unprecedented demand for Skipton’s ISA offerings and the Society has processed a record number of applications for its NISA-ready products, easily surpassing the previous best in 2013. The number of ISA transfers processed in 2014 was double the previous year and Skipton’s branches, telephone team and website experienced higher levels of customer demand.
 
And Skipton’s recently-launched brand new website – skipton.co.uk – is helping customers to make the most of their savings by providing all the details regarding its range of NISA-ready ISAs. The easy-to-use website includes information summarising the Budget changes to ISAs and provides the answers to frequently asked questions.