Manchester Easy Access Saver

Annual interest (variable)

2.00% gross pa/AER 

Interest is paid: Annually, on the anniversary of the day we receive your initial Deposit.

Monthly interest (variable)

1.98% gross pa/2.00% AER 

Interest is paid: Monthly, on the day of the month we receive your initial Deposit.

Yes, we can change the rate of interest payable on this account.  The account is a variable rate account which means the rate of interest paid may change throughout the lifetime of the account. Please refer to the ‘interest, charges and changes’ section of the savings general terms & conditions, which sets out the reasons for which Manchester Building Society may change the interest and the procedure for doing so.

Deposit at account opening: £1,000.00

Interest earned over 12 months: £20.00

Balance after 12 months: £1,020.00

Please note: This projection is provided for illustrative purposes only and does not take into account the customer's individual circumstances. This projection is based on an initial £1,000 deposit and no further deposits or withdrawals are made. 

Opening your account
In branch or online. For existing online customers, you can also log in to your Manchester Building Society account to apply.

Giving us instructions for your account
In branch, by post, by telephone, by secure message (for accounts opened and operated online).

Minimum Opening Deposit: £1

Maximum Opening Deposit: £1 million

Maximum Account Balance: £1 million (plus any resulting interest)

Withdrawals/transfers can be made penalty free without notice.

Tax status: Interest will be paid gross which means no tax is deducted. It is your responsibility to pay any tax due, based on your individual circumstances
 

Reimbursement of Authorised Push Payment (APP) fraud

From 7th October 2024, new regulations strengthen protection for customers who suffer financial losses due to Authorised Push Payment (APP) Fraud. If you make a payment on or after 7th October 2024, as result of APP fraud, you may be eligible for a refund. Further information about your reimbursement rights is available on our website at https://www.newcastle.co.uk/authorised-push-payments.

Transferring Windfalls to Charity

All new customers agree to assign any windfall benefits which they may become entitled to on a future conversion or takeover of the Society to the Community Foundation. This is our Charitable Assignment Scheme. By agreeing to this assignment, any windfall benefit will be given to the Community Foundation, one of the leading community foundations in the UK serving Tyne & Wear and Northumberland. This agreement lasts for the first five years of membership, is irrevocable and is a condition of opening an account. Your agreement to open an account with us will be deemed your agreement to the Charitable Assignment Scheme. Please see Transferring windfalls to charity or within our Savings General Terms and Conditions for further details.