| Summary Box | |||||||
| Account Name | Fixed Rate eBond until 30 June 2026 (7th issue) | ||||||
| What is the interest rate? |
Interest is calculated on the daily balance of the account. Interest payable on 31 December and on maturity on 30 June 2026. Maturity interest can only be added to the account. |
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| Can Mansfield Building Society change the interest rate? | No, this interest rate is fixed, this means that the interest rate will stay the same even if other interest rates go up. |
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| What would the estimated balance be at the end of the fixed rate period (30 June 2026) based on a £1,000 deposit? |
This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This assumes that the account is opened on 1 March 2024 and matures on 30 June 2026, with a £1,000 cash deposit and that no further deposits are made or the account is not closed before the end of the fixed term. |
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| How do I open and manage my account? | Simply complete the application online and follow the online instructions to open your account. Available to savers aged 16 or over. A minimum of £1,000 must be deposited in order to open the account. Your initial deposit must be received from your nominated bank account within 7 days of the account opening. A maximum investment of £250,000. You can only make deposits into your account by electronic bank transfer from a nominated bank account in your name. The account can be added to as long as it remains open to new savers and your total savings with us does not exceed £400,000. The maximum savings allowance of £400,000 applies regardless of whether the account is held in single or joint names. If additional investments are made, the original maturity date (the end of the the fixed term period) will remain unchanged. You can manage your account online only. |
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| Can I withdraw money? | No withdrawals or early closures allowed until 30 June 2026. At the end of the term, you can choose to reinvest your money with us or withdraw it. We will contact you shortly before maturity (the end of fixed term period) to ask which you prefer, but if we receive no instructions your money will be transferred to our eSaver 30 (1st issue). If this happens the withdrawal penalties/notice requirements will not apply for the first 30 days after the maturity date. After 30 days the special product terms and conditions for the new account will apply together with the current version of our General Account Terms and Conditions. |
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| Additional information | A fixed rate online account with a fixed end date of 30 June 2026. We calculate interest on an amount deposited from and including the day we receive it. We calculate interest on an amount withdrawn up to and including the day before withdrawal. Interest is paid gross without tax deducted. Interest can be added to your account, credited to another account with the Society, or sent direct to your bank account. Maturity interest can only be added to your account. |
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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.
You can open and manage your account online only, simply complete the application online and follow the online instructions to open your account.
In common with other financial organisations we will need evidence of identification and proof of residency. Please see the You and Your Savings Account leaflet for details.
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.
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.
The Mansfield Building Society is 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.
Date printed: 21/11/2024 10:23:34 am
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