Limited access savings.
Restricted savings
Limited access savings are for when you don’t need your funds constantly within reach.
If you don’t need repeated, instant access to your funds a limited access savings account could be the answer. Generally these accounts offer a higher rate of interest than instant access savings, but in return will mean there will be restrictions when it comes to accessing your funds.
These restrictions could be a set number of withdrawals per year, and / or needing to give notice before you can withdraw. Restrictions may vary across savings account types so make sure you fully understand what it will mean for your funds.
Account Name
Rate
Access Type
Withdrawals
Balance Restrictions
Type
Full Details
Limited Issue Access ISA (31.12.2025)
Earn tax-free interest, with limited access
Variable
Earn tax-free interest, with limited access
Rate
4.85%
Tax Free***/AER**
Rate Term
Branch
Withdrawals
One penalty free withdrawal annually
Minimum Balance
£1,000 – £250,000
Variable
Freehold ISA
Earn tax-free interest and earn tiered rates of interest
Variable
Earn tax-free interest and earn tiered rates of interest
Rate
3.75, 3.95, 4.15%
Tax Free***/AER**
Rate Term
Branch
Withdrawals
90 days’ notice or interest penalty
Minimum Balance
£1,000 – £250,000
Variable
Suffolk Savvy Saver (Issue 3)
Earn tiered rates of interest with this limited access account.
Variable
Earn tiered rates of interest with this limited access account.
Rate
3.75, 3.95, 4.15%
Gross* /AER**
Rate Term
Branch
Withdrawals
One penalty free withdrawal annually
Minimum Balance
£1,000 – £250,000
Variable
180 Day Notice Account
A variable rate notice account
Variable
A variable rate notice account
Rate
5.00%
Gross*/AER**
Rate Term
Branch
Withdrawals
180 Days Notice or Interest Penalty
Minimum Balance
£1,000 – £250,000
Variable
120 Day Notice Account
A variable rate notice account
Variable
A variable rate notice account
Rate
4.60%
Gross*/AER**
Rate Term
Branch
Withdrawals
120 Days Notice or Interest Penalty
Minimum Balance
£1,000 – £250,000
Variable
Member Reward Saver
A limited access account available to those that have been a member of the Society for at least 5 years prior to account opening.
Variable
A limited access account available to those that have been a member of the Society for at least 5 years prior to account opening.
Rate
3.70%
Gross*/AER**
Rate Term
Branch
Withdrawals
Three penalty free withdrawals annually
Minimum Balance
£10 – £100,000
Variable
*Gross
The rate paid with no income tax deducted. For more information on your Personal Savings Allowance, please refer to www.gov.uk
**AER (Annual Equivalent Rate)
A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once each year.
Tax free savings
Find a limited access savings account that suits you.
Using our handy savings account finder you can look at our range of currently available easy access accounts and find our easy access savings rates. You will be able to view our full range of accounts including any tax free Cash ISA options we may have available.
When it comes to saving the only thing better than seeing your money build up is seeing the interest on top. Our easy to use interest calculator will show you how much interest you could earn.
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 resident in our local postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG Applicants must be aged 7+ to open a fixed rate savings account, or 16+ if opening a fixed rate Cash ISA.
Get started
How to open your limited access savings account.
Keen to get started? Our limited access savings accounts are currently available to open in branch or by post. If you’re looking for more information on how to open your account we’ve put together a helpful guide.
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, using our savings account finder.
- 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
- 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.
Building relationships
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Very helpful staff and knowledgeable and able to give clear advice on what options were available to maximise saving opportunities.
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Have been meaning to open a Savings Account for some time. We have no banks left in town but we have the convenience of the Suffolk Building Society here. Staff were very helpful in opening the account and always extremely pleasant when I go in to put some money in my account. Thank you.
Savings member via
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Always like to support a small local building society over the big banks. The service is always excellent, the staff knowledgeable about their products and they offer a good range of competitive accounts. Our local branch is Sudbury and we have always found the staff friendly and efficient.
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Find the right savings account for you.
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