Fixed Term Regular Saver
Regular saving for something special
Fixed Term Regular Saver (30.11.2025)
This account is suitable for people using their personal savings that can save a sum of money each and every month and do not require regular withdrawals.
- Save between £10 – £250 a month
- Annual interest paid on maturity
- You must make regular monthly deposits
- Even with a penalty early withdrawals are not allowed
Helpful reminder
- Please note Confirmation of Payee (CoP) will not work for 24 hours after you initially set up your account, for details of the scheme please see our CoP webpage
Visit one of our six branches across Leicestershire and Northamptonshire to open this account.
Product Terms & Conditions – Summary Box
| Minimum balance | Gross*/AER**% |
|---|---|
| £10 | 6.00 |
Interest is calculated daily and may be visible on your account from the 24th of the month. This won’t be available to you until the due date of the last working day of the applicable month.
*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.
This account has a fixed rate of interest from the date the account is funded until the maturity date.
£3,096.63
This projection is for illustrative purposes only.
This is based on 12 monthly deposits of £250 made at the beginning of the month and assumes no withdrawals are made, no changes are made to the current interest rate and interest earned is added to the account.
You can open and manage this account in branch.
You must fund the account within ten days of opening. You can fund the account multiple times during this period.
You must be a permanent UK mainland resident and aged 18 or over. For under 18s, the account must be opened by an adult in the capacity of Trustee, and can only be opened in branch or by post and managed in branch, by post or online.
The account must be credited with between £10 and £250 per calendar month. You can make as many deposits as you like per month provided you do not exceed the £250 limit. You can pay into your account by electronic payment, cash or cheque.
If more than one monthly payment is missed during a calendar year the account will be transferred to the easy access account and interest rate at that time, without further notification.
The minimum balance is £10 and the maximum balance is £3,750.00.
Customers may only have two Fixed Term Regular Saver accounts open at a time, either solely or jointly, with a combined maximum deposit of £250 per month not exceeding the maximum balance of £3,750.00
Withdrawals, transfers or closure are not permitted during the term of the account.
This account is available to new and existing members.
This product may be withdrawn from sale at any time without notice.
We may prohibit further deposits into this product at any time. When we do this, we will update the relevant section within the ‘Current interest rates for withdrawn products’ page of mhbs.co.uk. We will not personally notify you when we do this.
For full terms and conditions for savings accounts, please refer to our General Savings Accounts Terms and Conditions.
We reserve the right to close your account and return the funds to you.
In the event of any conflict between these Terms and Conditions and the General Savings Terms and Conditions, the product Terms and Conditions take precedence.
This product may be withdrawn at any time and without notice.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.
