| Summary Box | ||||||||||
| Account Name | Bonus Regular Savings (8th issue) | |||||||||
| What is the interest rate? |
Interest is calculated on the daily balance of the account. Interest payable annually on 31 December. |
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| Can Mansfield Building Society change the interest rate? | This is a variable rate savings account and we have the right to vary the interest rate at any time. The variable interest rate can go down as well as up. If we change interest rates to your disadvantage on a variable rate account we will notify you in writing at least 14 days prior to the rate change. For more information on changing interest rates please see Section 7 of our General Account Terms and Conditions. |
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| What would the estimated balance be after 24 months based on a £6,000 deposit? |
This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This assumes that an initial investment of £250 is made by cash on 1 January, additional investments of £250 are made on the 1st day of subsequent months, and that no further deposits or withdrawals are made during the 24 months illustrated. The projected balance is based on the annual rate (AER1). |
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| How do I open and manage my account? | Exclusively available to savers aged 16 or over in Nottinghamshire, Derbyshire or South Yorkshire, or existing members. Limited to one Bonus Regular Savings (8th issue) account per customer. Simply complete an application form and send it to us or take it to your local branch. A minimum of £10 per month must be deposited in order to open and operate the account. A maximum deposit of £250 per month applies. You can vary the amount and pay more than one deposit per month into the account. The overall maximum balance for this account must not exceed £50,000. You can manage your account in branch or through the post. The account can be added to as long as the account remains available and your total savings with us do not exceed £400,000 regardless of whether the account is held in single or joint names. Requires a minimum of 10 monthly payments over 12 months or your money will be transferred to our Easy Access Community Saver account. |
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| Can I withdraw money? | Two withdrawals per calendar year can be made without notice or loss of interest. Additional withdrawals are subject to the loss of 90 days interest on the amount withdrawn. Closure is subject to the loss of 90 days interest on the closing balance if two or more withdrawals have been made in the year of closure.
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| Additional information | A variable rate interest account ideal for savers who want to save for something special or accumulate a nest egg through regular, flexible monthly savings. We calculate interest on an amount deposited in cash from and including the day we receive it. Interest on an amount deposited by cheque is calculated from and including the day after we receive it. We calculate interest on an amount withdrawn up to and including the day before withdrawal. Interest is paid gross without tax deducted. Interest can be added to your account, credited to another account with the Society, or sent direct to your bank account. |
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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.
Date printed: 16/05/2025 06:03:24 am
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