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Cash ISAs

With a Cash New Individual Savings Account (ISA/NISA), interest on your savings is paid tax free* with a maximum investment of £20,000 per tax year. (£4,128 for Junior ISAs.)

Your ISA funds remain tax free even if you have exceeded your Personal Savings Allowance, and the amount you can invest into an ISA each year is set by the Government. Even if you have an ISA at another bank or building society, you can 'transfer in' to our ISAs - subject to individual product terms and conditions - with minimum hassle, and we'll sort the paperwork quickly.

 FSCSPlease note that our savings products and deposit accounts are only available to existing members or new applicants resident in our local postcode areas IP, NR, CO, CM, CB and PE.


For a quick page-to-view comparison of all our personal savings products and interest rates please click here.

For previous rates please click 'View previous rates' located in 'Rates' section of product tables below

 

Junior ISA (Cash)

Summary Box
Terms & Conditions
Apply Now
Account NameJunior ISA (Cash)
What is the interest rate?

1.60% Tax-Free*/AER**

Interest is added to the account anually on 5 April.

Can the Society change the interest rate?

The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society.

We will give you 14 days’ notice before any change that would disadvantage you, provided you had a balance of £100 at the time of writing. For full details please read our General Investment Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1000 into this account, after 12 months you would have £1,016.00.

This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your individual circumstances.

How do I open and manage my account?

Available to children under the age of 18 who do not hold a Child Trust Fund. The Society only currently opens Junior ISAs for children 16 and under who are resident in postcode areas IP, NR, CO, CM, CB and PE only, unless the child or Registered Contact is an existing member.You can open the account with any amount from £10 to the maximum Cash Junior ISA subscription limit for this tax year. Please speak to a member of staff or refer to our website for the current limits.

A tax year runs from 6 April to 5 April. Remember, you can only put money into one Cash Junior  ISA and one Stocks and Shares Junior ISA up to the maximum annual limit across both accounts.The account will be opened in the name of the child but will be operated by the Registered Contact. The Registered Contact is the person with parental responsibility and will receive all correspondence. You can check your eligibility in our Junior Cash ISA Key Facts Document. At 16, the child can take responsibility for the account without the Registered Contact's consent, however this won’t automatically happen unless we are specifically asked by the child to transfer responsibility.

A statement detailing all transactions will be sent annually, soon after the interest is added.

Can I withdraw money?

No withdrawals are allowed until the child reaches 18. At this point they will need to provide us with identification before a withdrawal can take place.

Can I transfer out to a new ISA Manager?
Yes. If you want to transfer to a new Junior ISA Manager you will need to contact your chosen provider to start the transfer process. We will transfer your Junior ISA or part of
your Junior ISA to the new ISA manager within 5 business days of receiving your instructions.

What happens when the child reaches 18?
At age 18 your child's Junior ISA will automatically be transferred into an appropriate adult ISA with the Society for them to use in whatever way they choose. They will have full access to their savings on receipt of a sample signature and proof of identification.
 
They can also decide whether they want to continue saving into their adult ISA. Any monies paid into the Junior ISA in the tax year they become 18 won’t count towards the subscription limit for the adult ISA in that tax year. We will write to the Registered Contact prior to the child's 18th birthday to tell you about this process.

Additional Information

This is a summary of the key features of this account. You will still need to read the Terms and Conditions.

Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Variable Interest Previous AER Variable Interest Previous Gross
£10+Junior ISA subscription limits apply 1.90%TAX FREE 1.90%TAX FREE
Useful DownloadsDownload
Terms and conditions
Download the investment application form

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload

Investment Application Form and FSCS Information Sheet  (Junior ISA (Cash))

Download the investment application form
Junior ISA Keyfacts Download the investment application form

Stepping Stone ISA (16-20)

Summary Box
Terms & Conditions
Apply Now
Account NameStepping Stone ISA (16-20)
What is the interest rate?

1.40% Tax-Free*/AER**

Interest is added to the account annually on 5 April.

Can the Society change the interest rate?

The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society.

We will give you 14 days’ notice before any change that would disadvantage you, provided you had a balance of £100 at the time of writing. For full details please read our General Investment Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1000 into this account, after 12 months you would have £1,014.00.

This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your individual circumstances.

How do I open and manage my account?

If you are aged 16–20, resident in the UK and can provide a National Insurance number, you can open a Cash ISA.This account is available to all members or for new members, resident in postcode areas IP, NR, CO, CM, CB and PE.Accounts can be opened with a minimum amount of £10 and the maximum that can be held in this account is £250,000.You may invest up to the maximum Cash ISA limit in a single tax year .The maximum you can invest is set by HM Revenue & Customs. Please speak to a member of staff or refer to our website for the current ISA subscription limits. Please remember that you can only subscribe to one Cash ISA with one provider in any tax year.This is not a flexible ISA. Where the maximum contribution has been made in any tax year, no further subscriptions can be made. This applies even if you withdraw some of this money later in the tax year. 

Can I transfer in my ISA?
Yes, you can transfer-in an ISA from another ISA Manager, provided you have not exercised any flexible option. The maximum you can transfer-in is the amount you currently have saved in your ISA(s). If you have not made any ISA subscriptions in the current tax year you may do so at the time of opening.

Can I withdraw money?

Stepping Stone ISA is instant access. If you’ve subscribed to your ISA, then closure of the account would mean that you are unable to open another Cash ISA within the same tax year.

Can I transfer out my ISA?
You can transfer-out of your ISA with us subject to the conditions imposed by the new ISA Manager. We are happy to partially transfer your ISA to another provider if requested.

Additional Information

This is a summary of the key features of this account. You will still need to read the Terms and Conditions.

Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Variable Interest Previous Rate
£10 and above (ISA annual subscription limits apply) 1.55% TAX FREE
Useful DownloadsDownload
Terms and conditions
Download the investment application form

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload
ISA Application form and FSCS Information Sheet
Download the investment application form
ISA Keyfacts leaflet Download the investment application form

Everyday ISA

Summary Box
Terms & Conditions
Apply Now
Account NameEveryday ISA
What is the interest rate?

0.25% Tax-Free*/AER**

Interest is added to the account annually on 5 April.

Can the Society change the interest rate?

The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society.

We will give you 14 days’ notice before any change that would disadvantage you, provided you had a balance of £100 at the time of writing. For full details please read our General Investment Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1000 into this account, after 12 months you would have £1002.50.

(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your individual circumstances).

How do I open and manage my account?

If you are aged 16 or over, resident in the UK and can provide a National Insurance number, you can open a Cash ISA.

This account is available to all members or for new members, resident in postcode areas IP, NR, CO, CM, CB and PE only.

Accounts can be opened with a minimum amount of £10 and the maximum that can be held in this account is £250,000.

You may invest up to the maximum Cash ISA limit in a single tax year .The maximum you can invest is set by HM Revenue & Customs. Please speak to a member of staff or refer to our website for the current ISA subscription limits. Please remember that you can only subscribe to one Cash ISA with one provider in any tax year.

This is not a flexible ISA. Where the maximum contribution has been made in any tax year, no further subscriptions can be made. This applies even if you withdraw some of this money later in the tax year.

Can I transfer in my ISA?
Yes, you can transfer-in an ISA from another ISA Manager, provided you have not exercised any flexible option. The maximum you can transfer-in is the amount you currently have saved in your ISA(s). If you have not made any ISA subscriptions in the current tax year you may do so at the time of opening.

Can I withdraw money?

Everyday ISA is instant access. If you’ve subscribed to your ISA, then closure of the account would mean that you are unable to open another Cash ISA within the same tax year.

Can I transfer out my ISA?
You can transfer-out of your ISA with us subject to the conditions imposed by the new ISA Manager. We are happy to partially transfer your ISA to another provider if requested.

Additional Information

This is a summary of the key features of this account. You will still need to read the savings Terms and Conditions.

Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Variable Interest Previous Rate
£10 and above ISA annual subscription limits apply 0.50% TAX FREE
Useful DownloadsDownload
Terms and conditions
Download the investment application form

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload
ISA Application form and FSCS Information Sheet
Download the investment application form
ISA Keyfacts leaflet Download the investment application form

Monthly Saver ISA (Issue 1)

Summary Box
Terms & Conditions
Apply Now
Account NameMonthly Saver ISA (Issue 1)
What is the interest rate?

1.40% Tax-Free* /AER**

Interest is added to the account annually on 5 April.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 5 April 2019.

What would the estimated balance be after 12 months based on a £1,200 deposit?

Based on the fixed rate of interest, if you deposited £1200 into this account, after 12 months you would have £1209.29.

(This figure is only an estimate, based on £1000 per month being deposited on the 1st of each month for 12 months. This figure is for illustrative purposes only, and does not take into account your individual circumstances).

How do I open and manage my account?

To open this account:

  • You need to be aged 16 or over.

  • Provide an opening investment of £10 up to £1666.66. Transfers in from other ISA accounts are not allowed.

  • Be an existing member or a new member resident in postcode areas IP, NR, CO,CM, CB or PE.

  • Be a permanent UK resident.

  • Have a National Insurance number.

How do I manage my account?

You must make at least one payment per calendar month, which you can vary between £10 and £1666.66. This amount can increase if the annual ISA limit set by HM Revenue & Customs increases. Please speak to a member of staff or refer to our website for the current ISA subscription limits.

Subscriptions of £1666.6 do not total the full £20,000 allowance and therefore 1 additional subscripton of £0.08 will be allowed. Payments can be made by cash, cheque or standing order but internal transfers from other Ipswich Building Society accounts are not allowed.

Remember that you can only subscribe to one Cash ISA with one provider in any tax year. The overall maximum that can be held in this account is £50,000, subject to Cash ISA limits. From 1 March to 5 April each year, you can deposit up to your remaining annual ISA allowance, if any. Please refer to our website for current ISA subscription limits.

What happens if I miss making a monthly subscription?

The Society will transfer your account into the on-sale issue of its instant access ISA. The terms and conditions and interest rate applicable to that new account at that time will apply.

Please complete the appropriate application form and send or take it to any of our branches with your opening investment. To open an ISA, you will be asked to provide proof of identity.

This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Proving your name and address’

leaflet. Alternatively our staff will give you full details.

If you change your mind:
If you are not happy with your chosen ISA within 14 days of opening it, we will help you switch accounts or return your savings with interest.

Can I withdraw money?

You cannot make partial withdrawals.However your ISA can be closed at any time subject to a penalty equivalent to 120 days’ interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

You cannot open another ISA in the same tax year in which you have subscribed to this ISA.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 5 April 2019. The Society will transfer your account into the on-sale issue of its instant access ISA. The terms and conditions and interest rate applicable to that new account at that time will apply.

Additional Information

This is a summary of the key features of this account. You will still need to read the savings Terms and Conditions.

 Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Fixed Interest Previous Rate
No Previous Rates
Useful DownloadsDownload
Terms and conditions
Download Terms and conditions

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload
ISA Application form and FSCS Information Sheet
Download the investment application form
ISA Keyfacts leaflet Download the investment application form

Deben Fixed ISA (Issue 1)

Summary Box
Terms & Conditions
Apply Now
Account NameDeben Fixed ISA (Issue 1)
What is the interest rate?

0.60% Tax-Free* /AER**

Interest is added to the account annually on 30 September.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 September 2018.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the fixed rate of interest, if you deposited £1000 into this account, after 12 months you would have £1006.00.

(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your accoubt. This figure is for illustrative purposes only, and does not take into account your individual circumstances).

How do I open and manage my account?

To open this account:

  • You need to be aged 16 or over.

  • Provide an opening investment of £100 up to the maximum annual cash ISA limit set by HM Revenue & Customs.

  • Be an existing member or a new member resident in postcode areas IP, NR, CO,CM, CB or PE.

  • Be a permanent UK resident.

  • Have a National Insurance number.

How do I manage my account?
Once an account is open no additional investments can be made. Please complete the appropriate application form and send or take it to any of our branches with your opening investment. To open an ISA, you will be asked to provide proof of identity. This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Proving your name and address’ leaflet. Alternatively our staff will give you full details.

Can I transfer in my ISA?
Yes, you can transfer-in an ISA from another ISA Manager, provided you have not exercised any flexible option. The maximum you can transfer-in is the amount you currently have saved in your ISA(s). If you have not made any ISA subscriptions in the current tax year you may do so at the time of opening.

If you change your mind:
If you are not happy with your chosen ISA within 14 days of opening it, we will help you switch accounts or return your savings with interest.

Can I withdraw money?

You cannot make partial withdrawals. However your ISA can be closed at any time subject to a penalty equivalent to 90 days’ interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.You cannot open another ISA in the same tax year in which you have subscribed to this ISA.

What happens at the end of the fixed rate period?

The final interest will be added to your account on 30 September 2018. We will contact you 14 days before this date providing you with details of the proposed account your savings will be transferred to when your ISA matures. Your savings will be transferred to another fixed term account with the closest access and duration to your existing product, so you can continue your investment; however we will also detail your options including how to transfer to an easy access ISA (NISA) or how to close your account. You will be given full access to your funds for a specified period if you have other plans for your savings and wish to withdraw your funds or choose an alternative product.

Additional Information

This is a summary of the key features of this account. You will still need to read the savings Terms and Conditions.

 Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Fixed Interest Previous Rate
No Previous Rates
Useful DownloadsDownload
Terms and conditions
Download Terms and conditions

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload
ISA Application form and FSCS Information Sheet
Download the investment application form
ISA Keyfacts leaflet Download the investment application form

Deben Fixed ISA (Issue 2)

Summary Box
Terms & Conditions
Apply Now
Account NameDeben Fixed ISA (Issue 2)
What is the interest rate?

0.70% Tax-Free* /AER**

Interest is added to the account annually on 30 September.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 September 2019.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the fixed rate of interest, if you deposited £1000 into this account, after 12 months you would have £1007.00.

(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your accoubt. This figure is for illustrative purposes only, and does not take into account your individual circumstances).

How do I open and manage my account?

To open this account:

  • You need to be aged 16 or over.

  • Provide an opening investment of £100 up to the maximum annual cash ISA limit set by HM Revenue & Customs.

  • Be an existing member or a new member resident in postcode areas IP, NR, CO,CM, CB or PE.

  • Be a permanent UK resident.

  • Have a National Insurance number.

How do I manage my account?
Once an account is open no additional investments can be made. Please complete the appropriate application form and send or take it to any of our branches with your opening investment. To open an ISA, you will be asked to provide proof of identity. This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Proving your name and address’ leaflet. Alternatively our staff will give you full details.

Can I transfer in my ISA?
Yes, you can transfer-in an ISA from another ISA Manager, provided you have not exercised any flexible option. The maximum you can transfer-in is the amount you currently have saved in your ISA(s). If you have not made any ISA subscriptions in the current tax year you may do so at the time of opening.

If you change your mind:
If you are not happy with your chosen ISA within 14 days of opening it, we will help you switch accounts or return your savings with interest.

Can I withdraw money?

You cannot make partial withdrawals. However your ISA can be closed at any time subject to a penalty equivalent to 120 days’ interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account. You cannot open another ISA in the same tax year in which you have subscribed to this ISA.

What happens at the end of the fixed rate period?

The final interest will be added to your account on 30 September 2019. We will contact you 14 days before this date providing you with details of the proposed account your savings will be transferred to when your ISA matures. Your savings will be transferred to another fixed term account with the closest access and duration to your existing product, so you can continue your investment; however we will also detail your options including how to transfer to an easy access ISA (NISA) or how to close your account. You will be given full access to your funds for a specified period if you have other plans for your savings and wish to withdraw your funds or choose an alternative product.

Additional Information

This is a summary of the key features of this account. You will still need to read the savings Terms and Conditions.

 Tax-Free* - Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year.

View previous rates
Balance Fixed Interest Previous Rate
No Previous Rates
Useful DownloadsDownload
Terms and conditions
Download Terms and conditions

I accept the Terms and Conditions
Eligibility: I am an existing member or a new applicant residing in the following postcode areas; IP, NR, CO, CM, CB, PE
I declare that I will print out, read and retain the Financial Services Compensation Scheme (FSCS) Information Sheet which is attached to the application form

Please note: for new members we can confirm your identity electronically, however if you are not on the electoral roll we will need further proof of your identity. Please click here for acceptable forms of identification.

Useful DownloadsDownload
ISA Application form and FSCS Information Sheet
Download the investment application form
ISA Keyfacts leaflet Download the investment application form


Find out more
If you would like to open an ISA with us, the ISA application form can be downloaded, printed and posted to us along with your relevant identification. Alternatively, please call into any of our branches or contact us and our staff will be pleased to help you. Please refer to our Customer Information document for other useful and important information.

If you wish to transfer your ISA savings from another provider to us, please call into any of our branches or contact us and our staff will be pleased to help you.

*Tax Free - the rate paid with no income tax deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk.

 

Useful DownloadsDownload
Savings Interest Rates Leaflet - interest rates and summary of terms for all of our personal savings products Download standing order form
Financial Services Compensation Scheme (FSCS) Information Sheet fscs20x20
Identification details - documents required when opening an account Download details of identification required
Customer Information - outlines procedures for opening and using our savings accounts Download the Customer Information document
General Investment Terms & Conditions - applies to all savings accounts with the Society Download the Investment Terms and Conditions
Standing Order Form - to make regular payments from your bank to your Society account, please print this form, fill in the details and post it to your bank. If you are not using this form, our bank details are:

Account number: 00004000 Sort Code: 23-44-48 Roll No/Ref No: IMPORTANT - please quote your 9 digit Society account number
Download standing order form
ISA / NISA Transfer In Forms - to transfer ISA funds from a different provider. Please note that transfers in are subject to individual account terms and conditions.
(Please ensure you complete both forms in this document)

Download standing order form

Stocks and Shares to Cash ISA Transfer Authority Form - to transfer Stocks and Shares ISA funds from a different provider Download standing order form
Junior ISA Transfer In Forms - to transfer Junior ISA funds from a different provider (please ensure you complete both forms in this document) Download standing order form
Information on the Personal Savings Allowance and ISAs  Download standing order form

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