Ipswich Building Society: Smart Save Monthly Issue 2

Ipswich Building Society
Account:Smart Save Monthly Issue 2
Account type:Savings Account
Tax status:Taxable
Rates & conditions
Headline interest rate 2.75% AER
Interest rate type Variable
Interest payment frequency Annually
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
Introductory bonus There is no introductory bonus payable.
Bonus payment conditions Bonus Conditions - An opened ended variable bonus of 2.50% is payable each year subject to 11 monthly payments being received into the account, and no more than two withdrawals are made each year. The bonus is calculated daily based on the monthly payments made in each separate anniversary year. The bonus is not calculated as a percentage of the total account balance at the end of each anniversary year.
Interest rate guarantees Not applicable.
Interest payment options to same account
Opening the account
Minimum age -
Maximum age -
Minimum deposit £10
Account opened
Account conditions
  • Area Restrictions
  • Bonus conditions
  • Withdrawal conditions
Managing the account
Minimum balance £10
Minimum withdrawal £1
Minimum additional deposit £0
Maximum balance -
Withdrawal conditions Withdrawal Conditions - Two withdrawals are permitted during the anniversary year each year. The account can be closed at any time however any accumulated bonus will not be paid if the account anniversary has not been reached.
Statement frequency annually
Additional information None.