Limited Issue Access ISA (31.12.2025)
Limited Issue Access ISA (31.12.2025)
What is the interest rate?
4.85% Tax Free***/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 variable, which means we reserve the right to change it 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 £1,000 deposit?
Based on the current rate of interest, if you deposited £1,000 into this account, after 12 months you would have £1,048.50
(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:
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 name and address’ leaflet. Alternatively, our staff will give you full details.
If you change your mind:
How do I manage my account:
Can I transfer in my ISA from another ISA Manager?
Can I withdraw money?
• Yes, you can make one penalty free withdrawal during each calendar year 01 January – 31 December. Subsequent withdrawals or closure will be subject to 180 days’ notice or 180 days’ interest penalty. This means that you can access your funds instantly where you accept the penalty.
Can I transfer out my ISA to another ISA Manager?
What happens at the end of the variable rate period?
Upon maturity your savings will be transferred to an instant access ISA. However, we will also detail your other options including how to close your account.
This represents the Terms and Conditions for Limited Issue Access ISA (31.12.2025) and should be read in conjunction with the Cash ISA Key Features Document, General Investment Terms & Conditions and our Customer Information booklet.
AER (Annual Equivalent Rate)**
Changes to these terms
Financial Services Compensation Scheme
Retail Banking Conduct of Business
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:
- Download, read and accept the terms and conditions
- Read and retain the Financial Services Compensation Scheme (FSCS) information sheet
- Read and retain the Privacy Notice
- 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.
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.
Limited Issue Access ISA Terms & ConditionsDownload
ISA Application FormDownload
Cash ISA or Matured CTF Transfer AuthorityDownload
FSCS Information SheetDownload
Proof of your identityDownload
Customer Savings Information FAQsDownload
General investment terms & conditionsDownload
Standing order formDownload
ISA Key FactsDownload
Savings tariff of chargesDownload
Guidance for people wanting to manage a bank account for someone elseDownload
You and Your Joint AccountDownload