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Skipton cleared by FOS

Skipton Building Society has been cleared of treating its Tessa and Isa customers unfairly by The Financial Ombudsman Service.

Following months of speculation suggesting Skipton has not treated these customers well the ombudsman ruled the society’s products, taking into account interest rates and terms and conditions, were fair.

Skipton’s loyalty Tessa allows access with no notice and no transfer charge and its mini cash Isa has a 30 day notice period for withdrawals and a £30 transfer fee.

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