What Morgage Awards
 
   
Regular Savings (2nd issue)
A variable rate account for investors making regular monthly investments.

Account Levels AER % * Gross Rate % p.a. + Net Rate % p.a. #
25 2.75 2.75 2.20

* AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. AER’s 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 before the deduction of income tax.
# After deduction of income tax at 20%.

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

 


Minimum Investment
£25 per month.
Maximum Investment
£500 per month. You can vary the amount and pay more than 1 deposit per month into the account.
Interest Frequency
31 December
Additions & Withdrawals
2 withdrawals per calendar year are permitted without notice or loss of interest subject to a minimum of £5 remaining. Additional withdrawals subject to the loss of 90 days interest on the amount withdrawn.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 2 or more withdrawals have been made in the same year.
General information
The account is available to savers resident in Nottinghamshire, Derbyshire or South Yorkshire and aged 18 years or over at the date of opening the account. In addition, existing savers and borrowers aged 18 years or over at the date of opening the account who have a minimum of 3 years continuous membership with the Society and who live outside Nottinghamshire, Derbyshire or South Yorkshire also qualify for the account.

Illustrative example - save £500 every month and earn £97.89 gross interest after 12 months. Assumes initial investment made on 1 January and additional investments made on the 1st day of subsequent months.

Interest can be credited to another account with the Society or transferred to your Bank or Giro account.

If no subscriptions are made for 2 months, the rate of interest may be adjusted to the appropriate rate paid on our Prime Access account.

Our savings accounts are only available to non-United Kingdom residents if they are already an existing member.

If you have more than £400,000 in the Society in either single or joint names please mention this to our staff as the Society's usual maximum holding is £400,000.

Before completing an application form, please read the General Account Terms and Conditions that apply to our savings accounts, both of which can be found on our Savings Forms and Leaflets page.
Contact Us
Click here to download an application form or call our team on 01623 676350 for further guidance.

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

  • 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.

Jargon Buster

Our savings accounts are protected by the FSCS. For more information refer to our FSCS important information page or visit the FSCS website.

FOR OUR POLICY ON COOKIES AND OTHER IMPORTANT INFORMATION PLEASE CLICK HERE

The Mansfield Building Society, Principal Office, Regent House, Regent Street, Mansfield, Notts, NG18 1SS
Tel: 01623 676300 • Fax: 01623 676356 • Email: enquiries@mansfieldbs.co.uk
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.