At The Mansfield, we believe that as a local building society we should value the people of our Heartland Area and our existing members. That’s why we’ve created a range of accounts that give local residents and loyal customers access to some of our best rates.
If you’re an existing member with at least one year’s continuous membership or a local resident of Nottinghamshire, Derbyshire or South Yorkshire then you could qualify for exclusive savings products.
Our support for our Heartland Area also includes our Community Saver accounts that help support local charities through our Charitable Trust and we have a Community Deposit Maxi account exclusively for local community groups.
Find out more about the individual products available below.
| 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 |
| Minimum Balance | £1 + |
| Interest Rate (AER1/Gross2) | 4.00% |
| Interest Payable | Anually on 31 December and on maturity at age 18 |
| Withdrawals | Up to 6 withdrawals per calendar year without penalty. Further conditions apply, see product summary box for full details |
| Access | Post or Branch |
| Minimum Balance | £1 + to a maximum investment of £9,000 in the 2023/24 tax year |
| Interest Rate (AER1/Gross2) | 4.50% tax free^ |
| Interest Payable | Annually on 5 April |
| Withdrawals | No withdrawals allowed until the child is 18 |
| Access | Post or Branch |
| Minimum Balance | £1 per month + |
| Interest Rate (AER1/Gross2) | 4.75% |
| Interest Payable | Annually on 31 December and on maturity at the age of 18 |
| Withdrawals | Up to 2 withdrawals per calendar year without penalty. Further conditions apply, see product summary box for full details |
| Access | Post or Branch |
| Minimum Balance | £10-£250 per month |
| Interest Rate (AER1/Gross2) | 6.10% variable (including a 1.85% bonus, reverting to 4.25% variable) |
| Interest Payable | Annually on 31 December |
| Withdrawals | 2 penalty free withdrawals per calendar year, subsequent withdrawals are subject to 90 days loss of interest |
| Access | Post or Branch |
Local and Loyal only
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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