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.
| 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 |
Local and Loyal only
| 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 |
| 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 |
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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