Easy access savings.
EASY ACCESS
Saving is made simple
with an easy access account.
If you need access to your funds you may be considering an easy access savings account. This means you’ll be able to withdraw money without notice, with our accounts offering either unlimited access or a certain number of withdrawals per year.
Account Name
Rate
Apply by
Withdrawals
Balance Restrictions
Type
Full Details
Everyday Saver
Get instant access to your money.
Variable
Get instant access to your money.
Rate
2.65%
Gross* /AER**
Access Type
Branch, post
Withdrawals
Unlimited withdrawals in the year
Minimum Balance
£10 – £250,000
Variable
Everyday ISA
Earn tax-free interest and have instant access to your money.
Variable
Earn tax-free interest and have instant access to your money.
Rate
2.65%
Tax Free***/AER**
Access Type
Branch, post
Withdrawals
Unlimited withdrawals in the year
Minimum Balance
£10 –
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
3.50, 3.70, 3.90%
Gross* /AER**
Access Type
Branch, post
Withdrawals
One penalty free withdrawal annually
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
3.45%
Gross*/AER**
Access Type
Branch, post
Withdrawals
Three penalty free withdrawals annually
Minimum Balance
£10 – £100,000
Variable
Suffolk Young Saver
Start to manage your own savings as you grow up. Parents can open the account for young people aged 0-10. Those aged 11-15 will need a parent present. Those aged 16+ can open the account themselves.
Variable
Start to manage your own savings as you grow up. Parents can open the account for young people aged 0-10. Those aged 11-15 will need a parent present. Those aged 16+ can open the account themselves.
Rate
3.60%
Gross*/AER**
Access Type
Branch, post
Withdrawals
Unlimited withdrawals in the year
Minimum Balance
£10 – £25,000
Variable
Stepping Stone ISA (16-20)
An ISA that can be opened and managed by people aged 18-20, or if you are already aged 16 or 17 as of 5 April 2024.
Variable
An ISA that can be opened and managed by people aged 18-20, or if you are already aged 16 or 17 as of 5 April 2024.
Rate
3.60%
Tax Free***/AER**
Access Type
Branch, post
Withdrawals
Unlimited withdrawals in the year
Minimum Balance
£10 – £150,000
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
Interest is free of Personal UK Income Tax, your Personal Savings Allowance and Capital Gains Tax
Saving made simple
Find an easy 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, along with our charity support accounts which give you the chance to earn interest whilst supporting one of our chosen charity partners.
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
What you need to know about easy access savings accounts.
Yes, you can withdraw money without needing to give notice or incurring an interest penalty fee. Some accounts may offer withdrawals on an unlimited basis, also known as instant access, whereas others may have a limit of the number of withdrawals you can make in a set time period. Check the individual product terms to see if there are any restrictions which may apply to your chosen account.
Easy access can mean there are unlimited withdrawals, which is the same as instant access, or can mean you can make a set number of withdrawals within a specific time period. Check the individual product terms to see if there are any restrictions which may apply to your chosen account.
If you are looking for tax free savings we may offer a Cash ISA easy access account, which will enable you to invest the maximum annual tax free allowance set by the government.
The maximum balance of our easy access savings accounts will be listed in the individual product terms, so you can easily see how much you can invest.
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.
Yes, we have charity support savings accounts which mean you can earn interest on your funds and support charity at the same time. Find details of our currently available accounts in our savings account finder and to find out who we are currently supporting visit our charity support page.
Our easy 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 easy 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.
Building society easy access savings accounts are the same as easy access savings account from a bank; they both offer unlimited withdrawals, or allow you to make a set number of withdrawals within a specific time period.
Easy access
How to open your easy access savings account.
Keen to get started? Our easy 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 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.
- 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.
Savings member via
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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.
Savings member via
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Find the right savings account for you.
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Keep up to date
Savings news.
Our blog contains the latest goings-on and updates across the Society, so here’s where you can check out our latest savings news.
Or, if you want to see more than just savings, take a look at all of our blogs.
Supporting UK Savings Week 2024
Why Your Personal Savings Allowance Matters More This Year Than Last
ISA Changes
Interest Rate Decision Dates
How to Start Saving for Christmas
You Can Now View and Open Accounts Online