Looking for Ipswich Building Society? We’ve changed our name! Find out more. | We’ve won Best Building Society 2022 in the British Bank Awards! – Find out more.

Charity support savings accounts – it’s philanthropy made easy!

Written by Ipswich Building Society

26 Mar 2018

Tags

Charity, Tracey Emsden

2 min read

In 2016 we launched our new Mutual Advantage savings account – enabling the holder to save and earn interest on their savings, all while supporting a local charity. Each of our branches has their own Mutual Advantage charity of the year:

•    Aldeburgh – Aldeburgh United Charities
•    Hadleigh – The Shelley Centre for Therapeutic Riding
•    Halesworth – Halesworth Volunteer Centre
•    Haverhill – REACH
•    Ipswich Mutual House – Ipswich Housing Action Group
•    Ipswich Ravenswood – 4YP
•    Saxmundham – Supported Activities for Everyone (SAFE)
•    Sudbury – The Smile of Arran
•    Woodbridge – Home Start

Each charity will receive a bonus of 1% of the average account balances held during the year for all accounts at ‘their’ nominated branch. The bonus is payable from the Society and not from any member funds deposited with us.

This means the bonus paid to each charity will be dependent on the level of support received at their branch to remain truly local, and not averaged out across our branch network. And because we want to keep supporting charities doing vital work in our local communities, we change the chosen charities each year on 1 July.

We’ve previously supported St Elizabeth Hospice, Suffolk Wildlife Trust and the East Anglian Air Ambulance through our discontinued We-Care account. Although now closed issue for some years, we continue to make payments to those charities as a 1% annual bonus paid from those accounts still with us.

For more information, visit our savings products page or call in-branch.

 

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – find out more.

Found this useful? Why not share

Keep informed and get involved.

Keep Informed

Sign up to our newsletter.

Our blog contains the latest goings-on and updates across the Society and you can follow us on Facebook, Twitter, LinkedIn or Instagram. Exclusively for our members we offer a monthly email round-up of must have stories and latest news, so sign up today.










    KEEP UP TO DATE

    Latest news and information

    Our blog contains the latest goings-on and updates across the Society and for members we offer a monthly roundup of must-have stories and latest news in our Freehold Post email newsletter.

    For announcements, alerts or tips follow us on Facebook, Twitter, LinkedIn or Instagram – we’re (almost) everywhere!

    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge