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Variable Rate Regular Saver (31.12.2025)

Summary Box

Account name

Variable Rate Regular Saver (31.12.2025)

What is the interest rate?

5.00% Gross* /AER**

Interest is added to the account annually on 31 December or can be paid into another Suffolk Building Society account or direct to your bank account.

Can the Society change the interest rate?

The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society.

We will give you 14 days’ notice before any change that would disadvantage you, providing you have a minimum balance of £100 at the time of writing. For full details please read our General Investment Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,200 deposit?

Based on the current rate of interest, if you deposited £1,200.00 into this account, after 12 months you would have £1,232.53.

(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your individual circumstances.)

How do I open and manage my account?

To open this account:
• You need to be aged 16 or over.
• Deposit a minimum of between £10 and £1,000.
• Be an existing member or a new member resident in postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG.
• Be a permanent UK resident.
• An individual is only allowed to be the sole or first named account holder on one Variable Rate Regular Saver (31.12.2025). However, you can also be the second named account holder on one joint account.

To open an account, you must complete the appropriate application form. You can visit any of our branches with your opening investment of cash or cheque or apply by post by sending the application form with an opening cheque. You will be asked to provide proof of identity. This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Verifying your identity’ leaflet. Alternatively, our staff will give you full details.

How do I manage my account:
• You need to keep a minimum of £10 in your account.
• You must make at least one deposit per calendar month until 31 December 2025, by cash, cheque, or standing order, which you can vary between £10 and £1,000. You cannot transfer funds from another Suffolk Building Society account.

If you change your mind:
If you are not happy with your chosen account within 14 days of opening it, we will help you switch accounts or return your savings with interest.

What happens if I miss a monthly deposit:
If you miss depositing into your account in any 2 calendar months, we will transfer the balance to our instant access Everyday Saver account.

Can I withdraw money?

Yes, you can make one withdrawal during each calendar year 01 January – 31 December. This includes closure of your account.

What happens at the end of the variable rate period?
The final interest will be added to your account on 31 December 2025. We will contact you 14 days before this date providing you with details of how to access your funds and the other options available. This will also include how to transfer to an easy access account, alternative savings product or close your account.


This represents the Terms and Conditions for Variable Rate Regular Saver (31.12.2025) and should be read in conjunction with our General Investment Terms & Conditions and our Customer Information booklet.

The rate paid with no income tax deducted. For more information on your Personal Savings Allowance, please refer to

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.

Customer complaints
Although we do all we can at Suffolk Building Society to provide a first class customer service, sadly from time to time things do go wrong. We are keen to be aware of your concerns as they help us to identify ways in which we can improve the quality of service and possible training needs.

We are committed to ensuring all complaints are fully and fairly addressed. If you have a complaint please let us know by visiting any branch or agency or call 0330 123 0723 and we will do our very best to resolve the problem. A leaflet is available detailing our complaint procedure. You can request a copy of this at any time.

Changes to these terms
Any changes in terms will be displayed in our branch offices. At least thirty days’ notice will be given of any changes to your disadvantage.

Financial Services Compensation Scheme
Suffolk Building Society participates in the Financial Services Compensation Scheme. For full details please ask our staff.

Retail Banking Conduct of Business
Suffolk Building Society complies with the Retail Banking Conduct of Business which set standards of good practice for building societies and banks.


Open your savings

To open a new account, you must be an existing member or a new applicant resident in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG.

If you’re ready to open your savings account by post you’ll need to do the following:

  1. Download, read and accept the product terms and conditions
  2. Read and retain the Financial Services Compensation Scheme (FSCS) information sheet
  3. Read and retain the Privacy Notice
  4. Print the application form by clicking this link, fully complete and sign it. Then email it to us or pop into branch

We will require proof of your identity to open a new account if you are a new customer. For existing members we may request identification, for example if your records with us are incomplete. Read more about proof of your identity by clicking here.

You can either open your account:

In your local branch – please get in touch before you plan to visit us, so we can make sure we allow enough time to open your account and run through the items we will need you to bring.

By post – Completed application forms, along with copies of your identification, should be posted to: Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.


Useful downloads.

Variable Rate Regular Saver – Terms and Conditions (31.12.25)


Savings Application Form


FSCS Information Sheet


Privacy Notice


Proof of your identity


Customer Savings Information FAQs


General investment terms & conditions


Standing order form


Savings tariff of charges


Guidance for people wanting to manage a bank account for someone else


You and Your Joint Account


Interested in opening a savings account?

Get in touch.

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