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Fixed Rate Savings Accounts

Fixed rate savings, normally for one or two years, give you a predictable outcome for your money.

Although not always the highest rates around, it enables you to see exactly what your money will earn during the fixed rate period.

We will write to you before your fixed rate ends, so don't forget to look out for this and then consider your options.

Below you can find a list of all our current savings products summarised for the purposes of easy comparison. If you would like more information about any product, please click on the Product’s Title on the left hand side.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.

All rates are variable unless otherwise stated

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

 

Ipswich Fixed (Issue 7)

Summary Box
Terms & Conditions
Apply Now
Account NameIpswich Fixed (Issue 7)
What is the interest rate?

0.75% Gross* /AER**

Interest is added to the account annually on 30 June 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.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 June 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 £1007.50.

(This figure is only an estimate and based on 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 £100. The overall maximum investment is £100,000. Once an account is open no additional investments can be made. An individual is only allowed to be the sole or first name account holder on one Ipswich Fixed (Issue 7). However, you can also be the second named account holder on one joint account.

Can I withdraw money?

No withdrawals are allowed. The account can be closed during the fixed rate period subject to 30 days' notice or a penalty equivalent to 30 days' interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 30 June 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 account 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 account 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 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 Fixed Previous AER Fixed Previous Gross
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

Investment Application Form and FSCS Information Sheet

Download the investment application form

Ipswich Fixed (Issue 8)

Summary Box
Terms & Conditions
Apply Now
Account NameIpswich Fixed (Issue 8)
What is the interest rate?

0.90% Gross* /AER**

Interest is added to the account annually on 30 June 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.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 June 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 £1009.00.

(This figure is only an estimate and based on 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 £100. The overall maximum investment is £100,000. Once an account is open no additional investments can be made. An individual is only allowed to be the sole or first name account holder on one Ipswich Fixed (Issue 8). However, you can also be the second named account holder on one joint account.

Can I withdraw money?

No withdrawals are allowed. The account can be closed during the fixed rate period subject to 60 days' notice or a penalty equivalent to 60 days' interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 30 June 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 account 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 account 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.

View previous rates
Balance Fixed Previous AER Fixed Previous Gross
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

Investment Application Form and FSCS Information Sheet

Download the investment application form

Ipswich Fixed ISA (Issue 7)

Summary Box
Terms & Conditions
Apply Now
Account NameIpswich Fixed ISA (Issue 7)
What is the interest rate?

0.75% Tax-Free*/AER**

Interest is added to the account annually on 30 June.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 June 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 £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?

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 £100 and the maximum that can be held in this account is £100,000.

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.

You cannot make any additional investments into this ISA after 5 April 2018.  

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?

No. However your ISA can be closed at any time by giving 30 days' notice or immediately subject to a penalty equivalent to 30 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.

Can I transfer my ISA?
If you want to transfer to a new ISA Manager before 30 June 2018, you will need to give us 30 days' notice. The transfer will then be completed within 5 working days of the expiry of your notice. You can transfer immediately subject to a penalty equivalent to 30 days' interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 30 June 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 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

Ipswich Fixed ISA (Issue 8)

Summary Box
Terms & Conditions
Apply Now
Account NameIpswich Fixed ISA (Issue 8)
What is the interest rate?

0.90% Tax-Free*/AER**

Interest is added to the account annually on 30 June.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 June 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 £1009.00.

(This figure is only an estimate and based on 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 £100 and the maximum that can be held in this account is £100,000.

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.

You cannot make any additional investments into this ISA after 5 April 2018.  

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?

No. However your ISA can be closed at any time by giving 60 days' notice or immediately subject to a penalty equivalent to 60 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.

Can I transfer my ISA?
If you want to transfer to a new ISA Manager before 30 June 2019, you will need to give us 60 days' notice. The transfer will then be completed within 5 working days of the expiry of your notice. You can transfer immediately subject to a penalty equivalent to 60 days' interest. The loss of interest will be taken from the capital invested if there is insufficient accrued interest on the account.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 30 June 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 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

 

 
 
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
Information on the Personal Savings Allowance and ISAs Download the Investment Terms and Conditions
 

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