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Ipswich Building Society Smart Save Monthly Issue 2

Ipswich Building Society  Smart Save Monthly Issue 2
Branch access Online account Minimum saving amount Maximum saving amount Interest paid
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Yes No £10 £500 On anniversary

Ipswich Building Society customer satisfaction scorecard:

How do we work this out?
Clarity of statement Interest rate information Regular contact Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Minimum age 16
Maximum age N/A
Minimum saving amount £10
Maximum saving amount £500
Minimum initial deposit £10
Restricted locations note This product is only available to existing members or new applicants resident in postcode areas IP, NR, CO, CM, CB and PE
Existing customer note N/A

Account details

Account type Regular
Immediate access Yes
ISA transfers allowed No
Minimum regular monthly deposit £10
Maximum regular monthly deposit £500
Withdrawals note Two withdrawals per anniversary year
Notice period 0 days
Fixed term N/A
Account fee £0
Account fee charged N/A
Part of FSCS Yes
FSCS note The first £85,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £85,000 protection is across all the companies sharing the licence, not each individual company.
Rate guaranteed N/A

Interest rates

Interest paid On anniversary
Interest paid type Compound
Bonus type Conditional
Introductory bonus note N/A
Conditional bonus note 2.50% fixed bonus added on account anniversary subject to 11 payments received in account year. Bonus is calculated on payments made in anniversary year only
From (£) To (£) AER including bonus (%) Bonus rate (%) AER excluding bonus (%) Interest type
£10 £500 2.85% 2.5% 0.35% Variable