Limited access savings.

Restricted savings

Limited access savings are for when you don’t need your funds constantly within reach.

Rate

Apply by

Withdrawals

Balance Restrictions

Type

Full Details

Rate

4.50%

Tax Free***/AER**

Access Type

Branch, post

Withdrawals

One penalty free withdrawal annually

Minimum Balance

£1,000 – £250,000

Variable

Rate

3.50, 3.70, 3.90%

Tax Free***/AER**

Access Type

Branch, post

Withdrawals

90 days’ notice or interest penalty

Minimum Balance

£1,000 – £250,000

Variable

Rate

3.50, 3.70, 3.90%

Gross* /AER**

Access Type

Branch, post

Withdrawals

One penalty free withdrawal annually

Minimum Balance

£1,000 – £250,000

Variable

Rate

4.75%

Gross*/AER**

Access Type

Branch, post

Withdrawals

180 Days Notice or Interest Penalty

Minimum Balance

£1,000 – £250,000

Variable

Rate

4.35%

Gross*/AER**

Access Type

Branch, post

Withdrawals

120 Days Notice or Interest Penalty

Minimum Balance

£1,000 – £250,000

Variable

Rate

3.45%

Gross*/AER**

Access Type

Branch, post

Withdrawals

Three penalty free withdrawals annually

Minimum Balance

£10 – £100,000

Variable

Tax free savings

Find a limited access savings account that suits you.

FAQs

How a limited access savings account works.

A limited access savings account means there will be restrictions imposed on how or when you can withdraw your money. For example, you may be limited to a set number of withdrawals per year and/or you may need to give a set number of days’ notice before you can make your withdrawal. Because this may vary you will need to check the individual product terms and conditions.

Yes, you can, although restrictions will apply. To check the access restrictions which will be in place you will need to check the individual product terms and conditions.

If you need to give notice to access your funds you will need to contact your local branch in order to do this.

To view the maximum balance for a limited access savings account you will need to check your individual product terms and conditions.

To check if you can make additional investments, and the permitted maximum balance, you will need to check your individual product terms and conditions.

If you are looking for tax free savings we may offer a limited access Cash ISA, which will enable you to invest the maximum annual tax free allowance set by the government. To find details of our currently available accounts visit our savings account finder.

Generally yes, unless you are opening a Cash ISA account. However there may be limits on how many of one account type you can open, so make sure you check the individual product terms and conditions.

Yes, you can open your account in joint names unless you are opening a Cash ISA account.

Our limited access savings accounts are available for existing members, or new applicants living in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG. Online accounts are available to those living anywhere in the United Kingdom.

Applicants must be aged 16 or over to open a limited access savings account. To open an ISA, applicants must be aged 18 or over. If you were aged 16 or 17 as of 5 April 2024, you can open and subscribe to one single adult Cash ISA until you are 18.

Get started

How to open your limited access savings account.

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 living in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG. Online accounts are available to those living anywhere in the United Kingdom.
  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

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