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Essential works - Kirkby in Ashfield (from 28 June)

SIPP Trust Cash Deposit Account – Easy Access (2nd issue)

Interest Rate

This account could be right for you if...
  • You want a cash savings option for your Self Invested Personal Pension (SIPP)
  • You want to be able to access your savings without notice
  • You have a minimum £25,000 to invest
Some things you need to bear in mind
  • A SIPP Scheme Administrator must open and operate the account on your behalf
  • This is a variable rate account and the interest rate may go down as well as up

Interest Rate


Summary Box


We require the following documentation and mandates:

• A Certified Copy of the Establishing/Master Trust Deed
• A Certified Copy of the Supplemental Deed (if appropriate)
• A Certified Copy of the Scheme Rules
• A Certified Copy of HMRC registration quoting the name and number of the Scheme
• Certified Copies of the Scheme Member’s Identification or Anti-Money Laundering Certificate
• A Certified List of all Authorised Signatories
• Certified Copies of the Authorised Signatories Identification
• A cheque made payable to The Mansfield Building Society re: ‘The Scheme Member’ drawn on the designated SIPP bank account, or a bank statement for the nominated bank account

If another Mansfield Building Society SIPP Trust Cash Deposit Account has already been opened by the Trustees in respect of another Scheme Member under the SIPP arrangement, we will not require the Establishing/Master Trust Deed provided there have been no material changes in the meantime.

To meet the Consumer Duty requirements, SIPP Administrators can obtain our Products & Services and Price & Value assessments by contacting our Savings Support team on 01623 676336 or email


Is there anything more I should know?

Our General Account Terms and Conditions, which is available to download from our website, provides full details of the terms and conditions applied to this and other accounts offered by us.

Where there is a conflict between information displayed on the product and the General Account Terms and Conditions, the terms of the product will apply.

The General Account Terms and Conditions are provided to all new account holders and are also available on request.

How do I apply?

To open an account your Scheme Administrator will need to complete and return a SIPP Trust Cash Deposit Account application form together with the documentation listed above. Please ask your Scheme Administrator to contact us directly to access the form.

Can I cancel if I change my mind?

If you change your mind about your choice of account, you may cancel it within 14 days of the day the account is opened or the day on which you receive the terms and conditions of the account and other information on paper or electronically, whichever is later.

We will help you switch to another of our accounts or we will give you all your money back with any interest it has earned. We will ignore any notice period and any penalties relating to withdrawals or closure of the account.

Charitable Assignment

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.


1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to each year. AERs on the Monthly Income accounts 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. 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 you won’t pay UK tax on any income or capital gains your ISA makes.

Our savings accounts are exclusively available to UK Residents only.

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

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