Charities and Club Account
We have introduced a Community Deposit Maxi Account for clubs, associations and registered charities based in Nottinghamshire, Derbyshire or South Yorkshire.
The account pays a competitive variable gross interest rate of 1.50% for a minimum investment of £500 up to a maximum of £500,000. A particularly attractive feature is that interest credited to the account can usually be paid gross without deduction of basic rate tax.
The Community Deposit Maxi Account offers eligible savers a competitive variable interest rate without the need to tie money up for a long period of time. Withdrawals are available with either 30 days written notice or alternatively, without notice, with the loss of 30 days interest calculated on the amount withdrawn. This makes the Community Deposit Maxi Account an ideal place for putting spare cash to work.
Savers can take added comfort from the fact that The Mansfield is a member of the Financial Services Compensation Scheme.
For more information click here.
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