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Sutton Branch Closure 18.05.24

We have 3 products available

Savings accounts that support our Charitable Trust

The Mansfield Building Society’s Charitable Trust was established in 2015 with the aim of supporting registered charities in Nottinghamshire, Derbyshire and South Yorkshire.

With our Community Saver accounts, you benefit from a range of savings options to suit your needs and we will make an additional contribution to our Charitable Trust.

In addition to the interest paid on the account, a donation equivalent of 0.10% of the average total balances invested in all Community Saver accounts will be donated by the Society to our Charitable Trust each year.

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Quarterly Access Community Saver (1st issue)

Minimum Balance £1
Interest Rate (AER1/Gross2) 4.00%
Interest Payable Annually on 31 December
Withdrawals 1 penalty free withdrawal per calendar quarter
Access Post or branch
 

180 Day Community Saver (2nd issue)

Minimum Balance £1
Interest Rate (AER1/Gross2) 4.60%
Interest Payable Annually on 31 December
Withdrawals Withdrawals or closure subject to 180 days written notice
Access Post or branch
 

Easy Access Community Saver (1st issue)

Minimum Balance £1 +
Interest Rate (AER1/Gross2) 2.00%
Interest Payable Annually on 31 December
Withdrawals Withdrawals, closure or transfers can be made without notice or loss of interest
Access Post or branch
 

1. AER

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. Gross Rate

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

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

Understanding Savings

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