Customer notice Product changes

Customer notice

Product changes

Savings account changes

In order to improve our savings accounts and ensure consistent terms and competitive rates, we have simplified our range.
These changes mean some of our variable rate easy access accounts will automatically transfer to a Save & Support account on 5 September 2019. This account provides easy access to your funds and supports our Charity of the Year.

Notes that apply to these rates:
* Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

Gross*%/AER**%
Variable interest paid annually on 31 December£75,000+0.45
£40,000+0.40
£20,000+0.35
£10,000+0.30
£5,000+0.25
£500+0.20
£1+0.15
Easy Access
  • Rates effective 1 December 2016
Instant Access Annual – Issue 1
  • Rates effective 1 May 2009
Instant Access Annual – Issue 2
  • Rates effective 1 October 2015
New:Gross*%/AER**%
Variable interest paid annually on 31 October£1+0.50
Save & Support
  • Full terms and conditions for this account can be found here.
  • You can continue to use your account as you do now.

If you have any queries regarding this change, you can call us on 01858 412250, send a secure message via our Online Service, email us at customersfirst@mhbs.co.uk, or visit any of our branches.

We have a wide range of other savings products, some exclusive to members, and you can find details of these here.