New online service – You can now open new savings accounts and view your branch account and mortgage via our online service.

Cash ISA

Save tax free with a Cash ISA.

Rate

Access Type

Withdrawals

Balance Restrictions

Type

Full Details

Rate

3.75, 3.95, 4.15%

Tax Free***/AER**

Access Type

Branch

Withdrawals

90 days’ notice or interest penalty

Minimum Balance

£1,000 – £250,000

Variable

Rate

2.90%

Tax Free***/AER**

Access Type

Branch

Withdrawals

Unlimited withdrawals in the year

Minimum Balance

£10 –

Variable

Rate

4.30%

Tax-Free***/AER**

Access Type

Branch

Withdrawals

No partial withdrawals

Minimum Balance

£100 – £250,000

Fixed

Rate

4.10%

Tax-Free***/AER**

Access Type

Branch

Withdrawals

No partial withdrawals

Minimum Balance

£100 – £250,000

Fixed

Rate

3.85%

Tax Free***/AER**

Access Type

Branch

Withdrawals

Unlimited withdrawals in the year

Minimum Balance

£10 – £150,000

Variable

Tax free savings

Find a Cash ISA that suits you.

FAQs

Frequently asked questions about Cash ISAs.

A Cash ISA is simply a savings account where you do not have to pay tax on the interest you earn.

The annual ISA allowance is set by the government. For the current tax year the ISA subscription limit is £20,000. Each tax year runs from 6 April.

No. A Cash ISA can only be held by an individual in a single name.

Our Cash ISAs are available for existing members or new applicants resident in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG. Post code restrictions do not apply to our online accounts.

Applicants must be aged 18 or over to open a Cash ISA, however there are special rules for those aged 16 and 17 as of 5 April 2024.

If you are already aged 16 or 17 as of 5 April 2024, you can continue to have, apply for or transfer a single Cash ISA. If you become 16 after this date, you cannot apply for an ISA until you reach age 18.

A Stocks and Shares ISA is an investment tool which allows holders to invest in equities (stocks and shares). Suffolk Building Society does not offer Stocks and Shares ISAs.

To check whether you can withdraw funds from your Cash ISA you will need to check your individual product terms and conditions.

Yes, if you are aged 18 or over, you can deposit into multiple ISAs of the same type up to your annual ISA allowance. This excludes Junior ISAs and Lifetime ISAs, where only one of each type can be opened. If you are under 18 you can only subscribe to one Cash ISA.

Yes, you can hold more than one Cash ISA with different providers. However, you cannot invest into more than one Cash ISA in each tax year.

To check whether you can transfer-in funds from your other Cash ISA(s) you will need to check the individual product terms and conditions. It is important you follow the transfer-in procedures to protect the tax free status of your funds, rather than withdrawing your money and paying into the new account yourself – the latter would be seen as a new investment and then subject to the maximum subscription limits for that tax year.

Building society ISAs are the same as bank ISAs, they are both individual savings accounts which work in the same way and have the same rules applied to the.

Cash ISA

How to open your Cash ISA.

If you’re ready to open your savings account by post you’ll need to do the following:

  1. Download, read and accept the terms and conditions, using our savings account finder.
  2. 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
  3. Read and retain the Financial Services Compensation Scheme (FSCS) information sheet

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.

 

 

We’re here to help

Ready to talk?

Our door is open and it’s got real people behind it. If you want to talk to us, we’d love to hear from you, whether you choose to visit your local branch in person, drop us an email or give us a call.

Prefer to talk?
Call 0330 123 0723

Or find your local branch
View all branches

Contact us










    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge