2 Year Fixed Rate Bond (31.12.2026)
Summary Box | |
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Account name | 2 Year Fixed Rate Bond (31.12.2026) |
What is the interest rate? | 4.10% 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 on an annual or monthly basis. Interest paid monthly cannot be added to the account. |
Can the Society change the interest rate? | The interest rate is fixed until the maturity date on 31 December 2026. |
What would the estimated balance be after 12 months based on a £1,000 deposit? | If you were to open this account with £1,000 and no further deposits or withdrawals were made, you would earn £41 interest each year. If you chose to have interest compounded, this would result in a total balance of £1,083.68. This is due to earning interest on your interest each year. Please note, this is an illustration only and does not reflect your specific circumstances. |
How do I open and manage my account? | To be eligible for this account, you need to: You can open an account: Can I change my mind: How to manage your account: |
Can I withdraw money? | No, withdrawals and early closure are not permitted during the fixed term. What happens at the end of the fixed rate term? |
Additional | *Gross **AER (Annual Equivalent Rate) Changes to these terms Customer complaints 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. Financial Services Compensation Scheme |
Savings
Open your savings
account.
Our savings accounts are currently available to open in branch or by post. If you’re looking for more information on how to open your account we’ve put together a helpful guide.
To open a new account, you must be an existing member, or a new applicant living in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG. Online accounts are available to those living anywhere in the United Kingdom.
If you’re ready to open your savings account by post you’ll need to do the following:
- Download, read and accept the product terms and conditions
- Read and retain the Financial Services Compensation Scheme (FSCS) information sheet
- Read and retain the Privacy Notice
- Download the application form by clicking this link. Complete it by typing into the boxes, then print and sign it (handwritten forms are also accepted). You can 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.
Savings
Useful downloads.
2 Year Fixed Rate Bond (31.12.26) – Terms and Conditions
DownloadSavings Application Form
DownloadFSCS Information Sheet
DownloadPrivacy Notice
DownloadProof of your identity
DownloadGeneral Investment Terms & Conditions
DownloadStanding order form
DownloadSavings tariff of charges
DownloadGuidance for people wanting to manage a bank account for someone else
Download