FEEDBACK

0330 123 0723

Notice Savings Accounts

If you don't need instant access to your funds, you may find it pays to keep your money in a notice account.

A notice account means you're tied in with specific access restrictions, but can take advantage of a more attractive rate of interest. Generally, the accounts that require you to provide notice or commit your money for a fixed period of time pay higher rates compared to other Society alternatives, although it is always best to check! Our notice accounts require you to inform us ahead of time that you will need access to your funds. If you cannot wait you can access your savings earlier and pay an interest penalty. You should check how much this is before proceeding as if your accumulated interest at that point is less than the penalty the remainder will be deducted from your main balance.

You can find out more and read the terms and conditions for our notice accounts below.

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 under the current rate table.

Orwell Fixed (Issue 1)

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

0.65% Gross* /AER**

Interest is added to the account annually on 31 August 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 31 August 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 £1006.50.

(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 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 £100. The overall maximum is £100,000. No additional investments can be made once the account has been opened. An individual is only allowed to be the sole or first name account holder on one Orwell Fixed (Issue 1). However, you can also be the second named account holder on one joint account.

Can I withdraw money?

You cannot make partial withdrawals. However your account 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.

Additional Information

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

Orwell Fixed (Issue 2)

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

0.80% Gross* /AER**

Interest is added to the account annually on 31 August 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 31 August 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 £1008.00.

(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 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 £100. The overall maximum is £100,000. No additional investments can be made once the account has been opened. An individual is only allowed to be the sole or first name account holder on one Orwell Fixed (Issue 2). However, you can also be the second named account holder on one joint account.

Can I withdraw money?

You cannot make partial withdrawals. However your account 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.

Additional Information

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


Additional Resources

If you would like to open one of these accounts the investment application form below can be downloaded, printed and posted to us along with your relevant identification. Alternatively, please call into any of our branches and our staff will be pleased to help you. Please refer to our Customer Information document for other useful and important information.

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

Your home may be repossessed if you do not keep up repayments on your mortgage.