Suffolk Building Society House Deposit Savings Account Review

A regular saver from Suffolk Building Society, letting you save up to £1,000 a month for 1 year. It ranks 44th of 48 regular savers we track.

Variable rate · 1 year

3.25%AER

Protection

FSCS£120,000

Monthly limit

£1,000

Max balance

No limit

Access

1 withdrawal/year

Interest paid

Monthly

How It Stacks Up

Ranks 44th of 48

Regular savers we track

Well below average
This account 3.25%
UK CPI (Aug 2026)
3.10%
Pays 0.15% more
Average regular saver
5.05%
Pays 1.80% less
Best regular saver
8.00%
Pays 4.75% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare regular savers

A Good Fit For

  • Pro: Savers who want a monthly income
  • Pro: People who can save a set amount each month

Worth Weighing Up

  • Con: The rate is variable, so it can go down
  • Con: You can only pay in up to £1,000 a month

Good to Know

1.50% conditional fixed bonus on top of the 3.25% variable base rate. To qualify you must make at least 11 monthly deposits of £10-£1,000 during the anniversary year, keep the account open, and make no more than one withdrawal. The bonus resets after each anniversary, so it can be earned again in later years.

For savers aged 18-35 who do not already own a property. You can save for 10 years; the account matures on its 10th anniversary. Buy a UK home and you could claim a retail voucher: £500 with a Suffolk Building Society mortgage, or £150 without. The account must have been open 12 months at completion, hold at least £4,000 at closure, and be closed to claim.

Please verify all details with the provider – see our Disclaimer

See all Suffolk Building Society accounts

Estimated returns with Suffolk Building Society's Regular Saver

What you could earn with Suffolk Building Society's House Deposit Savings Account.

Estimated interest

£50 a month

£10.56

At 3.25% AER

£200 a month

£42.25

At 3.25% AER

£300 a month

£63.38

At 3.25% AER

£1,000 a month

£211.25

At 3.25% AER

Estimated over one year, if the rate stays the same and interest is left in. Assumes you pay in that amount every month for the full term.

Our Expert Opinion on Suffolk Building Society House Deposit Savings Account

Jan WatermannCo-Founder, DepositScout

This account suits first-time buyers who want a structured monthly saving habit, but the 3.25% variable base rate is below the regular saver market average and 4.75% behind the category leader at 8.00%. The 1.50% conditional bonus brings the total to 4.75%, though you must make at least 11 monthly deposits of £10 to £1,000 and take no more than one withdrawal in the anniversary year to qualify. Coventry Building Society's First Home Saver pays 4.25% and may be worth a look if the conditions here feel too restrictive.

Compare Regular Savers

2 alternatives to Suffolk Building Society's House Deposit Savings Account

Same type of account, closest on rate.

Common questions about the House Deposit Savings Account

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
View Best Rates
Live Market Tracking

Be the first to know when this Suffolk Building Society rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time