The Mansfield Building Society

Variable Rate Savings Accounts

Savings accounts allow you to put money aside and save for something special or a rainy day. Our variable rate savings accounts have different withdrawal arrangements, so that you can choose the one most suitable to you and your requirements.

For more information about our variable rate savings accounts, see the product details below. If you want to know more about how we manage changes to interest rates, please see section 7 of our general account terms and conditions.

 
Savings Product Account
Levels
Interest Rate
(AER1/Gross2)
Interest Payable Withdrawals Access
30 Day Community Saver (1st issue)
More Information
£1 + 0.50% annually on 31 December

Withdrawals, closure or transfers are subject to 30 days written notice

Post or Branch
Regular Savings (4th issue)
More Information
£10 per month + 2.25% including a fixed bonus of 1% for the first 12 months from the date of opening annually on 31 December

Up to 2 withdrawals per calendar year without penalty. Further conditions apply, see product summary box for full details

Post or Branch
Easy Access Community Saver (1st issue)
More Information
£1 + 0.25% annually on 31 December

Withdrawals, closure or transfers can be made without notice or loss of interest

Post or Branch
Monthly Income (3rd issue)
More Information
£10,000 + 0.80% monthly and credited to another account with us or your nominated external account on the next working day

Withdrawals, closure or transfers are subject to 30 days written notice

Post or Branch
90 Day Community Saver (1st issue)
More Information
£1 + 0.75% annually on 31 December

Withdrawals, closure or transfers are subject to 90 days written notice.

Post or Branch
Postal Savings 90 Day Day Notice (2nd issue)
More Information
£1,000 + 0.75% annually on 31 December

Withdrawals, closure or transfer are subject to 90 days written notice

Post only

Cancellation Rights

If you are not happy about your choice of account, you may cancel it within 14 days of:

The day you enter into the contract; or

The day on which you receive the contract terms and conditions and other information on paper or electronically; whichever is later

We will help you switch to another of our accounts or we will give you all your money back with any interest it has earned. We will ignore any notice period and any extra charges.

 

Charitable Assignment

All new customers opening a savings account will be required to sign a declaration agreeing to assign any windfall conversion benefits to the Charities Aid Foundation. This assignment will apply for the first 5 years of membership. Existing members with continuous membership prior to the effective date are not affected. Our Charitable Assignment Scheme leaflet provides full details.

 

Definitions

1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. AERs on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.

2. The gross rate is the contractual rate of interest payable without tax taken off.

If separate AER/Gross rates are not quoted, both rates are identical.

^Tax free means exempt from UK income and capital gains tax in the hands of the investor.

These account details apply to personal investors only unless stated in the detailed information.


Date printed: 28 June, 2017 07:18


The Mansfield Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 206049.
Member of the Building Societies Association.