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Ipswich Building Society

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Telephone: 0845 230 8686


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Quick reference to our savings rates


Listed below is a summary of our savings and investment products. For more details please click on the product name.

Rates correct as at 3 March 2010
All rates are variable unless otherwise stated

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


* Rate excluding conditional bonus
† Rate including conditional bonus
Savings Comparison table

Product
Balance
Interest
Current
AER
Interest
Current
Gross
Interest
Current
Net
Summary of Terms/Payment of Interest
Children's Bond £250 opening balance then maximum £1,200
each year until
child reaches
18 years
2.40% 2.40% 1.92% • No withdrawals allowed until child reaches 18 years old
• Closure after the child reaches 7 years subject to 180 days' notice
• Annual interest on birthday of child
Child Trust Fund 2 £250 Inland
Revenue voucher
plus up to £1,200
each year until
child reaches
18 years
2.40%
TAX FREE
2.40%
TAX FREE
2.40%
TAX FREE
• No withdrawals allowed until child reaches 18 years old
• Transfers allowed
• This is a Cash Child Trust Fund. It is not a stakeholder Child Trust Fund
• Annual interest on birthday of child
County 10 £1,000 - £24,999
£25,000 - £74,999
£75,000 - £99,999
£100,000 - and above
2.05%
2.30%
2.55%

2.75%
Variable

2.05%
2.30%
2.55%
2.75%
Variable

1.64%
1.84%
2.04%
2.20%
Variable

• 90 days' notice or interest penalty on amount withdrawn
• Additional investments allowed - minimum £1,000
• Interest paid annually on 1 December or for balances over £25,000, monthly interest option

Diamond Plus 8 £1,000 - £100,000 2.10% 2.10% 1.68% • Exclusive account for investors aged over 60 years
• 60 days' notice or interest penalty on amount withdrawn
• Interest paid annually on 1 December or for balances over £25,000, monthly interest option
Fixed Rate ISA 11
(Cash ISA)
Restricted availability to postcodes
IP, CO, CM, NR, CB, PE or to
any existing member

£100 and above
ISA subscription limits apply

3.00%
FIXED

TAX FREE

3.00%
FIXED

TAX FREE
  *****Only available until 5 April 2010*****
• Fixed rate until 5 April 2011
• Additional investments allowed
• Transfers allowed from other ISA providers
• Early closure subject to 120 days' notice or 120 days' interest penalty
• Interest paid on 5 April and maturity
Heritage Bond 33 £1,000 - £19,999
£20,000- £250,000
2.75%
3.00%
FIXED
2.75%
3.00%
FIXED
2.20%
2.40%
FIXED
• Fixed rate until 31 May 2011
• Early closure subject to 90 days' interest penalty
• No additional investments allowed
• Interest paid annually on 31 May or for balances over £25,000, monthly interest option
Homebuyer Savings
3 Year account to save for home purchase
£250 - £25,000 1.50% 1.50% 1.20% • Rate guaranteed 1% above Bank of England Base Rate for three years
• No withdrawals or closure in first 6 months
• Subsequent closure penalty free if IBS mortgage is taken, if not 120 days' interest penalty
• Interest paid annually on 1 December
Ipswich SIPP
(Self Invested Personal Pension)
£1,000 - £24,999
£25,000 - £49,999
£50,000 - £99,999
£100,000 - £249,999
£250,000 & above
2.00%
2.50%
2.75%
3.00%
3.25%
2.00%
2.50%
2.75%
3.00%
3.25%
• No initial or annual administration charges
• Withdrawals subject to 60 days' notice or interest penalty
• Additional investments allowed
• Annual interest paid on 5 April
Premier 30 £1,000 - £24,999
£25,000 - £49,999
£50,000 - £74,999
£75,000 - £99,999
£100,000 & above
0.23%
0.38%
0.50%
0.63%
0.83%
0.23%
0.38%
0.50%
0.63%
0.83%
0.18%
0.30%
0.40%
0.50%
0.66%
• 1 penalty free withdrawal per year
• 30 days' notice or interest penalty on the amount withdrawn
• No notice required if remaining balance exceeds £10,000
• Interest paid annually on 1 December
Premier Instant £10 - £4,999
£5,000 - £9,999
£10,000 - £24,999
£25,000 - £49,999
£50,000 - £99,999
£100,000 & above
0.13%
0.18%
0.20%
0.23%
0.30%
0.38%
0.13%
0.18%
0.20%
0.23%
0.30%
0.38%
0.10%
0.14%
0.16%
0.18%
0.24%
0.30%
• Instant access with no penalty
• Interest paid half yearly on 1 June and 1 December
Premier ISA
(Cash ISA)
£10 and above
ISA subscription limits apply
1.40%
TAX FREE
1.40%
TAX FREE
1.40%
TAX FREE
• Instant access
• Annual interest added to ISA on 5 April
Smart Save £10 - £500
variable monthly payments by
Direct Debit
(maximum £1,000 if joint account)
0.50%*
3.50%†
0.50%*
3.50%†
0.40%*
2.80%†
• One withdrawal per anniversary year
• 3% variable bonus added on account anniversary subject to 11 payments received in account year
• Bonus calculated on payments made in anniversary year only
• Closure subject to 14 days' notice
• Annual interest on account anniversary
We-Care
(Affinity accounts)
£100 - £2,499
£2,500 - £50,000
0.50%
1.00%
0.50%
1.00%†
0.40%
0.80%

• For investors who would like to support either East Anglian Air Ambulance, St Elizabeth Hospice or Suffolk Wildlife Trust
• 3 penalty free withdrawals per year
• 1% annual bonus payable directly to selected charity
• Interest paid annually on 1 December

Young Savers £1 - £499
£500 & above
1.45%
1.70%
1.45%
1.70%
1.16%
1.36%
• Instant access with no penalty
• Child must be aged 7 years or over to withdraw
• Interest paid annually on 1 December

Undesignated Client Deposit account
(for non-personal funds)

£50,000 - £2,500,000 1.53% 1.53% • Variable interest tracks at 0.25% above 3 month LIBOR
• Interest rate is reset each quarter on 1 December, 1 March, 1 June and 1 September
• Unlimited withdrawals by CHAPS (no charge)
• Interest paid monthly to a nominated bank account
Corporate/Client Deposit account
(for non-personal funds)
£25,000 - £2,500,000 1.53% 1.53% 1.22% • Variable interest tracks at 0.25% above 3 month LIBOR
• Interest rate is reset each quarter on 1 December, 1 March, 1 June and 1 September
• Unlimited withdrawals by CHAPS (£25 fee if less than £100,000 withdrawn)
• Interest paid annually on 1 December - option to add to account or pay to a nominated bank account
12 Month Fixed Rate Corporate Bond
(for non-personal funds)
£25,000 - £2,500,000 2.10%
FIXED
2.10%
FIXED
1.68%
FIXED
• Fixed interest for 12 months from the opening date
• No withdrawals but early closure subject to 90 days' interest penalty
• Interest added on the 12 month anniversary
9 Month Fixed Rate Corporate Bond
(for non-personal funds)
£25,000 - £2,500,000 2.00%
FIXED
2.00%
FIXED
1.60%
FIXED
• Fixed interest for 9 months from the opening date
• No withdrawals but early closure subject to 60 days' interest penalty
• Interest added on the 9 month anniversary
6 Month Fixed Rate Corporate Bond
(for non-personal funds)
£25,000 - £2,500,000 1.90%
FIXED
1.90%
FIXED
1.52%
FIXED
• Fixed interest for 6 months from the opening date
• No withdrawals but early closure subject to 30 days' interest penalty
• Interest added on the 6 month anniversary
Treasurer's account
(for non-personal funds)
£100 - £499
£500 - £4,999
£5,000 - £9,999
£10,000 - £24,999
£25,000 - £99,999
£100,000 & above
0.10%
0.10%
0.13%
0.15%
0.18%
0.23%
0.10%
0.10%
0.13%
0.15%
0.18%
0.23%
0.08%
0.08%
0.10%
0.12%
0.14%
0.18%
• Instant access with no penalty
• Minimum two signatures to withdraw
• Interest paid half yearly on 1 June and 1 December

Product Balance Previous AER Previous Gross Previous
Net
Children's Bond £250 opening balance then maximum £1,200
each year until
child reaches
18 years
No change No change No change
Child Trust Fund 2 £250 Inland
Revenue voucher
plus up to £1,200
each year until
child reaches
18 years
No change No change No change
Diamond Plus 8 £1,000 - £100,000 No change No change No change
Homebuyer Savings £250 - £25,000 No change No change No change
Premier 30 £1,000 - £24,999
£25,000 - £49,999
£50,000 - £74,999
£75,000 - £99,999
£100,000 & above
No change No change No change
Premier Instant £10 - £4,999
£5,000 - £9,999
£10,000 - £24,999
£25,000 - £49,999
£50,000 - £99,999
£100,000 & above
No change No change No change
Premier ISA £10 - £3,600
each tax year
No change No change No change
We-Care £100 - £2,499
£2,500 - £50,000
No change No change No change
Young Savers £1 - £499
£500 & above
No change No change No change
Treasurers Account £100 - £499
£500 - £4,999
£5,000 - £9,999
£10,000 - £24,999
£25,000 - £99,999
£100,000 & above
No change No change No change

View Previous Rates

Bank of England Base Rate is 0.50% as at 3 March 2010.

Existing members are defined as those who have a mortgage with the Society or anyone who has had a savings account with the Society for over 6 months at the time of opening the account.

Gross: Interest rate paid before deduction of income tax.
AER: (Annual Equivalent Rate) A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once each year.
Net: Interest rate paid after income tax is deducted at the appropriate rate.

Mortgage Intermediaries
EKFI

Case Tracker

Broker Service inc exclusive intermediary products
Remortgaging?
Remortgaging

Maximum LTV 85%. Click for more details

Heritage Bond 33
Heritage Bond Fixed at up to 3.0% Gross/AER until 31 May 2011

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