Ipswich Building Society
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Telephone: 0845 230 8686
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Quick reference to our savings ratesListed below is a summary of our savings and investment products. For more details please click on the product name. |
Rates correct as at 9 July 2008
For previous rates please click 'View previous rates' located under the current rate table
* Rate excluding conditional bonus
† Rate including conditional bonus
| Product | Balance |
Current AER |
Current Gross |
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 |
5.55% | 5.55% | 4.44% | • 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 |
5.55% TAX FREE |
5.55% TAX FREE |
5.55% 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 Bond 4 |
£1,000 - £24,999 |
5.30% 5.55% 5.80% 6.00% |
5.30% 5.55% 5.80% 6.00% |
4.24% 4.44% 4.64% 4.80% |
• Option to mature on 31 August 2009 or 31 August 2010 • 90 days' notice or interest penalty on amount withdrawn • Additional investments allowed (minimum £1000) • Interest paid annually on 1 December or for balances over £25,000, monthly interest option |
| Diamond Plus 8 | £1,000 - £100,000 | 5.20% | 5.20% | 4.16% | • Exclusive account for investors aged over 60 years • 60 days' notice or interest penalty on amount withdrawn • Interest paid annually on 1 December |
| Heritage Bond 25 | £5,000 - £250,000 | 6.75% FIXED |
6.75% FIXED |
5.40% FIXED |
• Fixed rate until 30 September 2009 • No additional investment or withdrawals • Interest paid annually on 30 September |
|
Homebuyer Savings |
£250 - £25,000 | 6.00% | 6.00% | 4.80% | • Rate guaranteed 1% above Bank of England Base Rate for three years • No withdrawals or closure in first 6 months • Subsequently closure penalty free if IBS mortgage is taken, if not 120 days' interest penalty • Interest paid annually on 1 December |
| Ipswich Tracker 14 | £1,000 - £250,000 | 4.40% * 4.65%† including conditional bonus |
4.40% * 4.65 %† including conditional bonus |
3.52% * 3.72%† including conditional bonus |
• Tracks 0.6% below Bank of England Base Rate until 30 September 2011 • 0.25% Existing member bonus payable until 30 September 2009 • 90 days' notice or interest penalty on the amount withdrawn • No notice required if remaining balance exceeds £25,000 • No transfers from other Ipswich Building Society accounts allowed • Interest paid annually on 30 September |
| Members' Reward Bond 7 | £1,000 - £5,000 |
5.60% |
5.60% | 4.48% | • Rate guaranteed 0.6% above Bank of England Base Rate until 30 September 2011 • No partial withdrawals • Early closure subject to 120 days' notice or 120 days' interest penalty • Interest paid annually on 1 December |
| Premier 30 | £1,000 - £24,999 £25,000 - £49,999 £50,000 - £74,999 £75,000 - £99,999 £100,000 & above |
2.15% 2.80% 3.05% 3.35% 3.70% |
2.15% 2.80% 3.05% 3.35% 3.70% |
1.72% 2.24% 2.44% 2.68% 2.96% |
• 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 |
1.51% 1.86% 2.06% 2.26% 2.62% 2.92% |
1.50% 1.85% 2.05% 2.25% 2.60% 2.90% |
1.20% 1.48% 1.64% 1.80% 2.08% 2.32% |
• Instant access with no penalty • Interest paid half yearly on 1 June and 1 December |
| Premier Deposit 2 | £25,000 - £1,000,000 | 5.00%* 5.75%† |
5.00%* 5.75%† |
4.00%* 4.60%† |
• Bonus payable until 30 November 2009*† • Withdrawals subject to 7 days notice, minimum £10,000 cheque or CHAPS • Interest paid annually on 1 December |
| Target Saver 4 | £90 - £250 variable monthly subscriptions |
6.10% | 6.10% | 4.88% | • No partial withdrawals • Early closure subject to 120 day interest penalty • Annual interest on account anniversary |
| Treasurer's Account | £100 - £499 £500 - £4,999 £5,000 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000 & above |
0.95% 1.15% 1.40% 1.61% 1.81% 2.26% |
0.95% 1.15% 1.40% 1.60% 1.80% 2.25% |
0.76% 0.92% 1.12% 1.28% 1.44% 1.80% |
• Instant access with no penalty • Minimum two signatures to withdraw • Interest paid half yearly on 1 June and 1 December |
| We-Care (Affinity accounts) |
£100 - £2,499 £2,500 - £50,000 |
3.00% 4.00% |
3.00% 4.00% |
2.40% 3.20% |
• For investors who would like to support either East Anglian Air Ambulance, St Elizabeth Hospice or Suffolk Wildlife Trust |
| Young Savers | £1 - £499 £500 & above |
4.50% 4.80% |
4.50% 4.80% |
3.60% 3.84% |
• Instant access with no penalty • Child must be aged 7 years or over to withdraw • Interest paid annually on 1 December |
| Tracker ISA
(Cash ISA) |
£500 - £3,600 each tax year unless transferring in |
4.50% for balances £500 - £11,999 4.75% for balances £12,000 - £17,999 5.00% for balances over £18,001 TAX FREE |
4.50% for balances £500 - £11,999 4.75% for balances £12,000 - £17,999 5.00% for balances over £18,001 TAX FREE |
4.50% for balances 4.75% for balances £12,000 - £17,999 5.00% for balances TAX FREE |
• Rates track Bank of England Base Rate at |
| Premier ISA (Cash ISA) |
£10 - £3,600 each tax year unless transferring in |
4.30% TAX FREE |
4.30% TAX FREE |
4.30% TAX FREE |
• Instant Access • Interest paid annually on 5 April |
| Product | Balance | Previous AER | Previous Gross | Previous Net |
| Childrens 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 TAX FREE |
No Change TAX FREE |
No Change TAX FREE |
| County Bond 3 |
£1,000 - £24,999 |
NO CHANGE | NO CHANGE | NO CHANGE |
| Diamond Plus 8 | £1,000 - £100,000 | NO CHANGE | NO CHANGE | NO CHANGE |
| Homebuyer Savings | £250 - £25,000 | 6.25% | 6.25% | 5.00% |
| Ipswich Tracker 13 | £1,000 - £250,000 | 4.65% | 4.65% | 3.72% |
| Members Reward Bond 6 | £1,000 - £5,000 | 5.85% | 5.85% | 5.85% |
| 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 No Change No Change |
No Change No Change No Change No Change No Change |
No Change No Change 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 No Change No Change No Change |
No Change No Change No Change No Change No Change No Change |
No Change No Change No Change No Change No Change No Change |
| Target Saver 4 | £90 - £250 variable monthly subscriptions |
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 No Change No Change No Change |
No Change No Change No Change No Change No Change No Change |
No Change No Change No Change No Change No Change No Change |
| Young Savers | £1 - £499 £500 & above |
No Change No Change |
No Change No Change |
No Change No Change |
| Tracker ISA | £10 - £3,600 each tax year |
|
5.00% for balances £12,000 - £17,999 TAX FREE |
5.25% for balances over £18,000 TAX FREE |
| Premier ISA | £10 - £3,600 each tax year |
No Change TAX F REE |
No Change TAX FREE |
No Change TAX FREE |
View Previous Rates
Bank of England Base Rate is 5.00% as at 9 July 2008.
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.
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