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We are proud to offer a range of accounts to help you make the most of your money.
A dedicated Savings Business Development Manager and Savings Support team.
We’re a building society, our profits go back into the business and community.
We are proud to offer a range of accounts to help you make the most of your money.
View our savings rates for charities, clubs, societies and community groups below.
| Minimum Balance | £1,000 + |
| Interest Rate (AER1/Gross2) | 4.25% (rate includes a 0.50% bonus for the first 6 months) |
| Interest Payable | Annually on 31 December |
| Withdrawals | Withdrawals, closure or transfers are subject to 180 days written notice |
| Access | Post or Branch, or exclusively online |
| Minimum Balance | £100 + |
| Interest Rate (AER1/Gross2) | 2.00% |
| Interest Payable | Annually on 31 December |
| Withdrawals | 3 penalty free withdrawals per month |
| Access | Post or Branch |
| Minimum Balance | £1,000 + |
| Interest Rate (AER1/Gross2) | 3.00% |
| Interest Payable | Annually on 31 December |
| Withdrawals | 1 penalty free withdrawal per calendar quarter |
| Access | Post or Branch, or exclusively online |
| Minimum Balance | £25,000 + |
| Interest Rate (AER1/Gross2) | 4.00% |
| Interest Payable | Annually on 31 December and on maturity |
| Withdrawals | No withdrawals or early closures allowed |
| Access | Post or Branch |
1. Wide range of accounts
We are proud to offer a range of accounts to help you make the most of your money.
2. Dedicated local support
Our team of Nottinghamshire-based savings experts are on-hand to help.
3. Local commitment
As a local building society, we also support local charities with donations and volunteering.
Here at Mansfield Building Society, we offer a range of competitive savings accounts for charities, clubs, societies and community groups based in the wider Nottinghamshire and Derbyshire area.
Not only do we put your money to work for you, by saving with us, your investment is going to an organisation that is directly responsible to its saving and borrowing members and dedicated to our local community.
At Mansfield Building Society, we also share our commercial success through donations to local groups and charities via our Community Support Scheme and Charitable Trust.
We have a dedicated Savings Business Development Manager and Savings Support team to help you through the application process and provide ongoing account support.
As a registered charity in the UK, it is a legal requirement to have a current account in place. The next step is to consider opening a savings account to put your surplus funds in.
A charity savings account operates in a similar way to personal savings accounts and is a specific account offered by banks, or building societies like ourselves, that gives you interest on your reserves.
The available account options and interest rates vary based on the provider so it is essential that you understand the benefits of each account and choose the right option for your organisation.
Choosing the right account for your organisation is essential and there are many factors to consider, such as your available finances, branch locality, interest rates and account type.
To help you make the right decision there are a number of questions recommended by The National Council for Voluntary Organisations (NCVO) that you can ask yourself before opening an account, these include:
Here at Mansfield Building Society, we pride ourselves on our local offerings and specialise in helping local Nottinghamshire and Derbyshire based organisations make the most of their finances.
When a charity or community group applies for a savings account, we will require certain documentation to confirm that the people operating the account have the right permissions from the organisation to do so.
The documentation depends on the type of charity or community group and could include either a resolution from the Board of Directors or a signed mandate. We’ll also need to see identification and proof of residency of the individuals operating the account and any other beneficial owners, for example, those with significant voting rights.
We have a dedicated Savings Business Development Manager who can help you through the entire process. If you would like to talk to someone about our charity savings accounts please email business@mansfieldbs.co.uk.
Subject to product terms and availability, we can accommodate a maximum deposit of up to £1 million per account holder.
For charity savings accounts, up to £85,000 is protected by the Financial Services Compensation Scheme (FSCS) provided you meet the FSCS eligibility. This means that if the bank or building society fails, up to £85,000 of your savings are covered.
Should you want to save more than this amount, the excess could be at risk if the financial provider fails, and in these circumstances, you may want to consider splitting your investment between registered providers to benefit from FSCS protection.
You can find out more here https://www.fscs.org.uk/making-a-claim/claims-process/charities/
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.
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.
Want to ask us a specific question? Enquire online here or phone us on 01623 676350
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