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Easy Access Savings Accounts

Easy access accounts are useful if you want to save a little regularly, or need somewhere to place some funds in the short term.

When you need to withdraw your money at short or no notice, an instant access account is for you. With our Everyday Saver and Everyday ISA accounts sometimes simplicity is the best option.

Alternatively, if you want the freedom to withdraw, but don't need to access your funds multiple times, you may wish to consider other options which allow a set number of withdrawals - such as our Suffolk Savvy Saver, Mutual Advantage and Member Reward Saver accounts.

FSCS

Please 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

Everyday Saver

Summary Box
Terms & Conditions
Apply Now
Account NameEveryday 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 only for UK resident individuals aged 7 or over and available to all members or for new members, resident 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.

Additional Information

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

 *Gross - The rate paid without interest deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk.

**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 - £250,000 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

Investment Application Form and FSCS Information Sheet

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

Suffolk Savvy Saver

Summary Box
Terms & Conditions
Apply Now
Account NameSuffolk Savvy Saver
What is the interest rate?

£1000 - £19,999                  0.75% Gross* / AER**
£20,000 - £49,999               0.85% Gross */ AER**
£50,000 - £250,000             0.95% Gross */ AER**

Interest is added to the account annually on 1 December or can be paid into another Ipswich Building Society account or direct to your bank account. For balances of £20,000 or over the interest can be paid monthly but not added to the account.

When your balance moves into the higher interest rate tier you will receive interest on the whole balance at that higher rate. If you make a withdrawal that takes you into a lower tier, the lower tier rate is paid on the whole balance.

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 £1007.50.

(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 only for UK resident individuals 7 or over. Available by post or branch. This account is available to all members or for new members, those resident in postcode areas IP, NR, CO, CM, CB and PE only.

The minimum amount to open an account is £1,000. The overall maximum is £250,000. Additional investments can be made up to the maximum balance. An individual is only allowed to be the sole or first named account holder on one Suffolk Savvy Saver. However, you can also be the second named account holder on one joint account .

Can I withdraw money?

You can make 1 penalty free full or partial withdrawal between 1 December and 30 November each year. Subsequent withdrawals subject to 90 days' notice or 90 days' interest penalty. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

After a partial withdrawal, if the balance falls below £1,000 your account will not qualify for interest until the balance is restored to the minimum required for this account. If you cannot restore the minimum balance, the account can be closed without notice or penalty and transferred to another account in our current range.

If you are receiving your interest monthly, making a penalty withdrawal from your account will have an impact on the amount you receive. If the penalty is substantial, it may take several months for your account to accumulate sufficient interest for monthly interest payments to recommence.

Additional Information

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

 *Gross - The rate paid without interest deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk.

**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 Previous AER Variable Previous Gross
£1,000 - £19,999 1.00% 1.00%
£20,000 - £49,999 1.10% 1.10%
£50,000 + 1.20% 1.20%
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

Investment Application Form and FSCS Information Sheet

Download the investment application form

Mutual Advantage

Summary Box
Terms & Conditions
Apply Now
Account NameMutual Advantage
What is the interest rate?

0.25% Gross* /AER**

Interest is added to the account annually on 1 July.

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?

This account is only for UK resident individuals aged 7 or over. Available by post or branch. This account is available to all members or for new members, resident in postcode areas IP, NR, CO, CM, CB and PE only.

The minimum amount to open an account is £100. The overall maximum is £50,000. Additional investments can be made up to the maximum balance. An individual is only allowed to be the sole or first named account holder on one Mutual Advantage. However, you can also be the second named account holder on one joint account.

Can I withdraw money?

You can make three penalty free full or partial withdrawals between 1 July and 30 June each year. Subsequent full or partial withdrawals are subject to 30 days' notice or 30 days' interest penalty on the amount withdrawn. After a partial withdrawal, if the balance falls below £100 the account can be closed without notice or penalty and transferred to another account in our current range.

Additional Information

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

Which charity does the Mutual Advantage account support?
Each of our branches has an annual adopted charity who will be their Mutual Advantage account beneficiary. By opening an account in one of our branches your account will automatically support their chosen charity. There is also a chosen charity for postal account openings. You can see who we are supporting by visiting your local branch, calling us on 0330 123 0723 or visiting www.ibs.co.uk/savings.

Because we want to keep supporting charities doing vital work in our communities we’ll change the chosen charities each year from 1 July. Prior to this we’ll update you by email to let you know how you can help to choose the new charity for your branch for the year ahead, and again to let you know how much bonus has been paid to the outgoing organisation.

How does the charity support work?
Each charity will receive a bonus of 1% calculated as the average account balances held during the year 1 July - 30 June, for all accounts at ‘their’ nominated branch. This means the bonus paid to each charity will be dependent on the level of support received at their branch to remain truly local, and not averaged out across our branch network.

 *Gross - The rate paid without interest deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk.

**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
£100 - £50,000 0.50% 0.50%
Useful DownloadsDownload
Terms & 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 

Download the investment application form

Member Reward Saver

Summary Box
Terms & Conditions
Apply Now
Account NameMember Reward Saver
What is the interest rate?

0.55% Gross* /AER**

Interest is 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 £1005.50.

(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?

Available by post or branch. To qualify for a Member Reward Saver you must have been a member of the Society for at least 10 years prior to account opening.

The minimum amount to open an account is £10. The overall maximum is £10,000. Additional investments can be made up to the maximum balance. An individual is only allowed to be the sole or first named account holder on one Member Reward Saver. However, you can also be the second named account holder on one joint account.

Can I withdraw money?

Three penalty free withdrawals between 1 December and 30 November each year. Subsequent withdrawals subject to 60 days' notice or 60 days' interest penalty. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

After a partial withdrawal, if the balance falls below £10 the account can be closed without notice or penalty and transferred to another account in our current range.

Additional Information

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

 *Gross - The rate paid without interest deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk.

**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 - £10,000 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

Investment Application Form and FSCS Information Sheet

Download the investment application form

 

Useful DownloadsDownload
Savings Interest Rates Leaflet - interest rates and summary of terms for all of our personal savings products Download details of identification required
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 the Investment Terms and Conditions

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