0.10% Gross* /AER**
Interest is added to the account annually on 30 September
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 the 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 £1,000 deposit?
Based on the fixed rate of interest, if you deposited £1,000 into this account, after 12 months you would have £1001.00.
How do I open and manage my account?
To open this account:
Can I withdraw money?
• Between 1 October and 31 December each year, withdrawals can be made instantly without notice or penalty.
This represents the Terms and Conditions for Christmas Saver and should be read in conjunction with the General Investment Terms & Conditions and our Customer Information booklet. As at 1 October each year we will calculate 0.10% of average balances held during the year 1 October to 30 September. We will then contribute this amount to donate Christmas presents and food items to a Suffolk Charity. This is a donation from Suffolk Building Society and not from any members’ funds deposited with us.
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 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.
Completed application forms should be posted to Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.
Christmas 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