Suffolk Savvy Saver (Issue 3)
Suffolk Savvy Saver (Issue 3)
Balances of £1,000 – £19,999 earn a rate of 3.75% Gross*/AER**
Interest is added to the account annually on 30 November 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.
When your balance moves into a different tier, you will receive the interest rate shown above on the whole account balance for that tier.
Can the Society change the interest rate?
The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.
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, after 12 months you would earn £37.50 in interest. If you chose to have interest added, this would result in a total balance of £1,037.50. 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 can open an account:
If you change your mind:
How do I manage my account:
Can I withdraw money?
• You can make one penalty free withdrawal between 1 December and 30 November each year. This can include closure of your account.
AER (Annual Equivalent Rate)**
Changes to these terms
Financial Services Compensation Scheme
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 product 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. 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.
Suffolk Savvy Saver – Terms and ConditionsDownload
Savings Application FormDownload
FSCS Information SheetDownload
Proof of your identityDownload
General investment terms & conditionsDownload
Standing order formDownload
Savings tariff of chargesDownload
Guidance for people wanting to manage a bank account for someone elseDownload
You and Your Joint AccountDownload