Ipswich Building Society Suffolk Savvy Saver – Issue 2

General

Gross Interest Rate

0.70% - £50,000+
0.60% - £20,000 - £49,999
0.50% - £1,000 - £19,999
This account is available to all members of Ipswich Building Society, or for new members who reside in postcode areas IP, NR, CO, CM, CB and PE

AER

0.70% - £50,000+
0.60% - £20,000 - £49,999
0.50% - £1,000 - £19,999

Opening

Method Of Opening Account

Branch, Post

Minimum Age of Account Holder

7

Minimum Deposit

£50,000 for 0.70%, but account can be opened with £1,000

Maximum Deposit

£250,000

Contact Details For Opening

03301230723
Ipswich Building Society, PO Box 547, Ipswich, Suffolk. IP3 9WZ
Go to Ipswich Building Society Website

Ongoing

Frequency Interest Paid

Annually, a monthly option available

Interest Fixed Until

Variable

Details of any Bonus Rates

N/A

Minimum Ongoing Balance

£1,000

Compound Interest or Paid Into Separate Account

Compound

Closing/Accessing funds

Withdrawals Allowed

Yes - 1 penalty free full or partial withdrawal between 1 December and 30 November each year. Subsequent withdrawals subject to 90 days' notice or 90 days' interest penalty

How Withdrawals Are Made

Branch, Post

Early Access Penalties

See above

Notice/Term

1 penalty free withdrawal then 90 days' notice