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Corporate Savings Accounts

When you’re running a business, you need to know you are dealing with a responsible organisation that is reliable and stable. We provide a wide range of savings accounts, created to serve the best interests of our business customers.

Versatility is of course vital to achieving results in today’s business world, which is why we offer different interest rates to different customers.

We can take care of accounts for a number of different business functions, including (but definitely not limited to):

  • Clubs
  • Charities
  • Treasurer accounts
  • Solicitors deposit accounts

Our Business Deposit 2, in particular, offers an attractive rate for corporate and client funds. What’s more, it also offers the undoubted benefit of instant access.

Why choose the Ipswich Building Society for your business saver needs?

  • We offer flexibility. Our business clients are given time with one of our experienced savings specialists. We never try and take a ‘one size fits all’ approach, because we don’t believe that this would benefit you. Instead, we get to know your business so that we can provide the right recommendation.
  • We have experience. When your business depends on its cash-flow, you deserve to know that the advice you’re receiving is based on genuine experience of the financial market. We have been providing solutions to the East of England for over 160 years.
  • We’re independent. Unlike many competitors, we’re an independent mutual service provider. This means that we don’t have shareholders: instead, every decision we take is done in order to ensure that the right results are achieved for the people we work with. When we make decisions, we’re making them with businesses like yours in mind.FSCS

If you’d like to find out more about our corporate savings accounts, give Ipswich Building Society a call today on 0330 123 0723.

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

For previous rates, please click 'View previous rates' located under the current rate table

Business Deposit 2

Summary Box
Terms & Conditions
Apply Now
Account NameBusiness Deposit 2
What is the interest rate?

0.55% Gross* / AER**

Interest is calculated on a daily basis and added to the account annually on 1 December.

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 £25,000.00 into this account, after 12 months you would have £25,137.50.

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?

This account is for non-personal money. It is ideally suited to unincorporated Clubs, Associations and can be used by bodies corporate (including registered charities), based in postcode areas IP, NR, CO, CM, CB and PE only.

The minimum amount to open an account is £25,000. The overall maximum is £250,000. Additional investments can be made up to the maximum balance.

Can I withdraw money?

Notice is not required and there is no penalty for withdrawals, nor is there any restriction on the number of withdrawals you can make.
The balance cannot fall below £25,000.

A minimum of two registered signatures are required for withdrawals.

Additional Information

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

 *Gross - The rate paid without interest deducted

**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
£25,000 - £250,000 0.80% 0.80%
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

Deposit Account Application Form and FSCS Information Sheet

Download the investment application form

Everyday Club Saver

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

0.10% Gross* / AER**

Interest is calculated on a daily basis and added to the account annually on 1 December.

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 £1001.00.

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 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?

This account is for non-personal money. It is ideally suited to unincorporated Clubs, Associations and can be used by bodies corporate (including registered charities), based in postcode areas IP, NR, CO, CM, CB and PE only.

The minimum amount to open an account is £10. The overall maximum is £250,000. Additional investments can be made up to the maximum balance.

Can I withdraw money?

Notice is not required and there is no penalty for withdrawals, nor is there any restriction on the number of withdrawals you can make. The balance cannot fall below £10.

A minimum of two registered signatures are required for withdrawals.

Additional Information

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

 *Gross - The rate paid without interest deducted

**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 and above 0.20% 0.20%
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

Deposit Account Application Form and FSCS Information Sheet

Download the investment application form

 

 

Useful DownloadsDownload
Corporate Deposit accounts and Bonds - summary of product terms and interest rates Download document
Financial Services Compensation Scheme (FSCS) Information Sheet fscs20x20
Identification details - documents required when opening an account Download document
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

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