Open a savings account.
Welcome
Saving for today. Ready for tomorrow.
As you grow, so will we. If you’re building savings to last a lifetime know we’re here for the long term. We’re easy to understand and easy to do business with, making what we do as clear and simple as possible.
Find out how to open a savings account in branch or online with Suffolk Building Society today.
Get started
Open a savings account in branch or by post.
Once you’ve used our savings account finder to decide what account is right for you, here are a few helpful steps to get started.
- 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. Products are available to existing members and residents in postcode areas AL, CB, CM, CO, IP, LU, MK, NR, PE and SG.
- Read and keep the Financial Services Compensation Scheme (FSCS) information sheet and General Investment Terms & Conditions.
- 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 – download and complete the application form for your chosen product by typing into the boxes (handwritten forms are also accepted). 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.
Get started
Open a savings account online.
Once you’ve used our savings account finder to decide what account is right for you, here are a few helpful steps to get started.
Our online service lets you view your latest balance and transactions for eligible branch accounts, open and manage new online accounts with us, and view your mortgage account.
To view and open an online account, view our online only accounts.
Resources
Useful downloads.
FAQs
Got questions?
We’re here to help.
Opening a new savings account should be simple, so here we answer some of the questions we commonly receive. If you can’t find what you’re looking for contact your local branch or get in touch.
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. Online products are available to existing members and residents across the United Kingdom.
Yes, our children’s savings accounts can be opened on behalf of a child and, in some cases, grandchild. Use our savings account finder to identify a suitable account and then check the individual account terms and conditions for full information.
If you have a Power of Attorney you may 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.
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.
If you’ve opened a new account with us online and attempt to make your first deposit, you might see a message which says your bank doesn’t recognise our bank details. This is because Confirmation of Payee (CoP) isn’t possible within the first two days of opening an account. You can still make your minimum deposit during this time, but it’s important to check the details carefully to make sure they’re correct. Full details on Confirmation of Payee (CoP) can be found here.
Existing savers
Managing your existing savings account.
If you’re looking for general information or have a question about managing your existing savings account with us we’ve put together some helpful guidance. This includes common queries such as how to pay into or withdraw from your account, changing your details and lots more. There’s also useful downloads and account tools too.
We’re here to help
Ready to talk?
Our door is open and it’s got real people behind it. If you want to talk to us, we’d love to hear from you, whether you choose to visit your local branch in person, drop us an email or give us a call.
Prefer to talk?
Call 0330 123 0723
Or find your local branch
View all branches
Contact us
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