Member News

Ipswich Building Society launches two new SIPPS

The Ipswich’s new two year bond offers investors an attractive 3.00% tax free interest rate for balances ranging from £1,000-£250,000. Fixed for two years from account opening, the two year bond is suitable for those looking for a longer term investment period.

For those wishing to have more flexibility over their investments, theIpswichhas also launched a one-year fixed bond offering a 2.80% tax free interest rate. Like the two-year bond, the SIPPS are only available with a minimum investment of £1,000 (max £250,000).

No additional investments or withdrawals are permitted on either account, and interest will be paid on the annually on the account anniversary. Account closure is subject to a penalty of 120 days interest.

Jo Leah, General Manager, Sales & Marketing said: “With the ongoing low base rate, we know that savers are looking to maximise their savings as much as they possibly can. We have listened closely to our members and know that they are looking for competitive products combined with excellent customer service.”

Her sentiments were echoed by one of Ipswich Building Society long term SIPPS customers, John Petrie, who said: “I was looking for a safe cash haven and was surprised by how few institutions accepted SIPPS deposits. Since investing with Ipswich Building Society, I have been very impressed with the levels of customer service. Not only are my calls always answered by the same person, but they can always answer the question and if I need to transfer funds, it is always done efficiently and at no extra cost. I have been so pleased with the service that my wife also transferred her SIPPS!”

Ipswich Building Society offers their SIPPS portfolio in association with Stadia Trustees. For more information about the range of SIPPS available, please see www.ibs.co.uk or telephone 0845 230 8686.

Article by Ipswich Building Society

Ipswich Building Society is here to help the people of Suffolk and the East of England to buy a home and save for the future through a range of diverse and specialised products. We reinvest our profits in the business to expand our services and to improve our competitiveness, and in the local community to benefit everyone.

The Society has 9 branches and 4 agencies that span the length and breadth of Suffolk and our Call Centre is in Ipswich. We are proud to be a local, mutual, Building Society and as such we understand the needs of the people in our community.