Open a savings account.
Saving for today. Ready for tomorrow.
Open a savings account in branch or by post.
- Make sure you’ve downloaded and read the product terms and conditions, using our savings account finder, and make sure you understand any restrictions which may be in place to withdraw or invest funds. If you’re not sure about anything, get in touch and we’ll be happy to help.
- Check you are eligible to open an account. Our savings accounts are currently only available for existing members or new applicants resident in the following postcode areas: AL, CB, CM, CO, IP, LU, MK, NR, PE or SG.
- Read and keep the Financial Services Compensation Scheme (FSCS) information sheet, General Investment Terms & Conditions and Customer Information documents.
- We’ll need 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.
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 – you’ll need to download the application form for your chosen product (using our savings account finder) and send your completed form, along with copies of your identification, to Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.
We’re here to help.
Not always, but it’s useful if you can. This guarantees we’ll be able to assist you when you visit us. If you don’t have an appointment we will do our best to help there and then, if we can.
We can answer questions you may have and show you our range of accounts which may be suitable for your needs, but please be aware we cannot offer specific investment advice. Use our savings account finder to search our savings accounts and interest rates online.
Currently our accounts are only available to existing members and new applicants in AL, CB, CM, CO, IP, LU, MK, NR, PE or SG, which are the areas local to Suffolk where we are based. Whilst we can’t promise this will change soon, we do review this decision regularly.
If you have a Power of Attorney you should be able to open a savings account on behalf of another person, as long as there are no limitations in place which would prevent this. However, due to HM Revenue and Customs (HMRC) rules, the opening of ISAs using Powers of Attorney is more limited than the opening of other types of savings account. You will only be able to sign an ISA declaration on behalf of the donor if you have a Registered Enduring Power of Attorney, Lasting Power of Attorney or Court of Protection. You may also be able to use a General Power of Attorney under certain circumstances.
We will need to see the original Power of Attorney document, Solicitor certified copy or you can provide your access code from the Office of the Public Guardian. Please get in touch so we can explain the process in detail.
Many of our savings accounts can be opened in joint names. This excludes any tax free ISA accounts. Use our savings account finder to identify a suitable account and then check the individual account terms and conditions for full information.
There are generally no fees applied in the general operation of your savings account. For additional services or requests we may apply a fee in line with our Tariff of Charges.
Our accounts are passbook based and do not offer any debit card or cheque book facilities.