2 Year Regular Saver
2 Year Regular Saver (29.02.2024)
3.00% Gross* /AER**
Interest is added to the account annually on 28 February 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 fixed until the maturity date on 29 February 2024.
What would the estimated balance be after 12 months based on a £600 deposit?
Based on the fixed rate of interest, if you deposited £600 into this account, after 12 months you would have £609.76.
(This figure is only an estimate, based on £50 per month being deposited on the 1st of each month for 12 months. 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:
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:
What happens if I miss a monthly deposit:
Can I withdraw money?
You can make one withdrawal between 1 March and 28 February each year which includes closure.
No further withdrawals are allowed.
What happens at the end of the fixed rate period?
This represents the Terms and Conditions for Terms and Conditions for 2 Year Regular Saver (29.02.2024) and should be read in conjunction with our General Investment Terms & Conditions and our Customer Information booklet.
AER (Annual Equivalent Rate)**
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
Financial Services Compensation Scheme
Retail Banking Conduct of Business
Open your savings
If you’re ready to open your savings account by post you’ll need to do the following:
- Download, read and accept the terms and conditions
- Be an existing member or a new applicant resident in our local postcode areas IP, NR, CO, CM, CB and PE
- Read and retain the Financial Services Compensation Scheme (FSCS) information sheet
- Print and fully complete the application form
We will require proof of your identity in order to open your account, even for existing members. For existing members we may request identification, for example if your records with us are incomplete.
Completed application forms should be posted to Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.
2 Year Regular Saver – Terms and ConditionsDownload
Proof of your identityDownload
Customer Savings Information FAQsDownload
General investment terms & conditionsDownload
Standing order formDownload
FSCS Information SheetDownload
Savings tariff of chargesDownload
Guidance for people wanting to manage a bank account for someone elseDownload
INV3 Savings Application FormDownload