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1 Year Fixed Rate Bond (31.12.2025)

Summary Box
Account name	1 Year Fixed Rate Bond (31.12.2025)
What is the interest rate?	4.30% Gross/AER* Interest is added to the account annually on 31 December 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.
Can the Society change the interest rate?	The interest rate is fixed until the maturity date on 31 December 2025.
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 £43 in interest. If you chose to have interest compounded, this would result in a total balance of £1,043. 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 need to: • Be aged 16 or over. • Be a permanent UK resident and tax resident. • Deposit a minimum of £100 up to a maximum of £200,000. • Be an existing member or a new member resident in postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE or SG. You can open an account: • By completing the appropriate application form. • Visit any of our branches with your opening investment of cash or cheque or apply by post by sending the application form with an opening cheque. • Provide proof of identity. Acceptable forms of identification are detailed in our ‘Verifying your identity’ leaflet. Alternatively, our staff will give you full details. Can I change my mind: No. This product does not have a cooling off period. Once you have made your first deposit, you cannot access your funds until 31 December 2025. How to manage your account: • Once an account is open, additional receipts can be made up to the maximum balance, whilst this bond remains available to open. • An individual is only allowed to be the sole or first named account holder on one 1 Year Fixed Rate Bond (31.12.2025). However, you can also be the second named account holder on one joint account.
Can I withdraw money?	No, withdrawals and early closure are not permitted during the fixed term. Your account will mature on 31 December 2025, with funds available to you on the next working day. What happens at the end of the fixed rate term? We will contact you 14 days before maturity. We will: • Provide information on how you can access your funds, close your account, or continue to save with us. • Give you a time frame in which to decide. • Transfer your savings to another fixed term savings product with the closest access terms and duration if we don’t hear from you.
Additional Information	Gross The rate paid with no income tax deducted. For more information on your Personal Savings Allowance, visit www.gov.uk AER (Annual Equivalent Rate) A rate which illustrates what the gross rate would be if the interest was paid and added once each year. Changes to these terms* Are detailed in Section 19 of our General Investment terms and Conditions. Customer complaints Although we do all we can at Suffolk Building Society to provide a first-class customer service, sadly from time to time, things do go wrong. We are keen to be aware of your concerns as they help us to identify ways in which we can improve the quality of service and possible training needs. We are committed to ensuring all complaints are fully and fairly addressed. If you have a complaint, please let us know by visiting any branch or agency or call 0330 123 0723 and we will do our very best to resolve the problem. A leaflet is available detailing our complaint procedure. You can request a copy of this at any time. Financial Services Compensation Scheme Suffolk Building Society participates in the Financial Services Compensation Scheme. For full details please ask our staff.

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Our 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.

To open a new account, you must 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.

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
Download the application form by clicking this link. Complete it by typing into the boxes, then print and sign it (handwritten forms are also accepted). You can 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.