Regular savings.
Regular savings account
Saving little and often really adds up with a regular saver.
If you’re looking to start saving or want to put aside some spare cash each month a regular saver account could help. You’ll be able to invest a monthly set amount, then sit back and watch your savings grow.
So, whether you’re dreaming of a new car, holiday, home makeover or just want to build up that all important savings pot, treat yourself to a new savings habit to help get there.
Account Name
Rate
Apply by
Withdrawals
Balance Restrictions
Type
Full Details
Online 1 Year Variable Rate Regular Saver (31.12.2025)
Save regularly each month. You can open and manage this account online.
Variable
Save regularly each month. You can open and manage this account online.
Rate
5.15%
*Gross/**AER
Access Type
Online
Withdrawals
No withdrawals until end of term
Minimum Balance
£10 –
Variable
1 Year Variable Rate Regular Saver (31.12.2025)
Save regularly each month
Variable
Save regularly each month
Rate
5.15%
Gross* /AER**
Access Type
Branch, post
Withdrawals
No withdrawals until end of term.
Minimum Balance
£10 –
Variable
2 Year Variable Rate Regular Saver (31.12.2026)
Save regularly with 1 instant access withdrawal per year.
Variable
Save regularly with 1 instant access withdrawal per year.
Rate
5.00%
Gross* /AER**
Access Type
Branch, post
Withdrawals
One instant access withdrawal annually
Minimum Balance
£10 –
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.
Little and often
Find a regular savings account that suits you.
Using our handy savings account finder you can look at our range of currently available regular savings accounts and find out our savings rates. You will be able to view our full range of accounts including any tax free Cash ISA options we may have available.
FAQs
All you need to know about regular savings accounts.
A regular saver, sometimes called a monthly saver, is a type of account where you make monthly investments. There is usually a minimum and maximum monthly amount you can invest. A regular savings account is designed to help you get into the habit of saving and can help you work towards a special purchase.
This may vary depending on the specific product. To check the withdrawal restrictions which will be in place you will need to check the individual product terms and conditions.
The minimum and maximum investment limits may vary depending on the specific product. To find out the limits you will need to check the individual product terms and conditions.
This may vary depending on the specific product. To find out the account conditions you will need to check the individual product terms and conditions.
The final interest will be added to your account on the maturity date (end date). We will contact you at least 14 days before this date to let you know what will happen to your funds and your available options. This will include to transfer to an easy access account, an alternative savings product or how to close your account.
If you are looking for tax free savings we may offer regular saver 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 regular 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 regular 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.
There is no difference between a bank and building society regular savings account.
Regular savings account
How to open your regular savings account.
Keen to get started? Our regular 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