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Wednesday, January 20, 2021

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Ipswich Building Society to develop enhanced savings proposition over next two years

Martin Greenland | 09:00 Wednesday 20th February 2019

Ipswich Building Society has confirmed that it will develop an enhanced savings proposition over the next two years, with a focus on both digital and face-to-face services.

The announcement followed the building society’s financial results for the year ending 30th November 2018, which revealed a savings balance growth of £5m, taking overall deposits to £572m.

It also reported a total pre-tax profit of £3.3m, up from £3.1m in 2017, and mortgage asset growth of £15m to £536m.

Ipswich Building Society has made several developments to its broker proposition by clearly defining how it could help serve brokers’ mortgage clients.

As a result, the society has seen its broker satisfaction rating improve.

Alan Harris, chairman at Ipswich Building Society (pictured above), said it had continued to develop and offer a varied range of innovative and accessible products, designed in the best interest of its members.

“While we anticipate wider economic changes, we are confident that through our business model and the additional business controls we have in place that the society will remain secure and largely unaffected during these uncertain times.

“Our mutual model enables us to put our members at the heart of everything we do, therefore a key strategic objective is to ensure we have knowledgeable, highly skilled and engaged staff across the society to deliver a great experience.”

 

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