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 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% |
1.64% |
• 90 days' notice or interest penalty on amount withdrawn |
| 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| 2.10% | 1.68% | • Exclusive account for investors aged over 60 years • 60 days' notice or interest penalty on amount withdrawn • Interest paid annually on 1 December or for balances over £25,000, monthly interest option |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 |
3.00% |
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 |
| 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 |
£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.
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