195 Day Notice Account

Save for a rainy day...

195 Day Notice Account

This account is suitable for someone using their personal savings who can give 195 days’ notice to access their funds.

– 195 days’ notice for withdrawals, even with a penalty early withdrawals are not allowed
– Save between £10,000 – £500,000
– Interest paid monthly

Helpful reminder 

  • When making a payment to the Society, you will be reminded that your payment will go to Barclays Bank, this is fine as Barclays are our clearing bank which means your payment comes to us via Barclays
  • Any funds you deposit will appear in your account the same working day if processed before 3pm. If after 3pm your funds will appear in your account on the next working day
  • Please follow the instructions carefully when submitting your information as any incomplete ID checks may cause a delay in your account being opened. Once you’ve sent us ID please wait 3-5 working days before contacting us


This account is available to open online for existing members and in branch for new and existing members.

Existing Members should click the Existing Member Login button. New or existing members should visit one of our six branch locations

Product Terms & Conditions – Summary Box

Minimum balanceGross*/AER**%

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. Once added to this account, interest becomes subject to the same withdrawal conditions as the capital.

If the balance of the account falls below the minimum of £10,000, the lowest rate in our easy access range will apply until the minimum balance is reached again.

*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

The interest rate is variable which means we can increase or decrease the rate at any time.

For more details about why we may change the rate, how and when we will let you know about the change, please refer to the Interest section of the General Savings Account Terms and Conditions


This projection is for illustrative purposes only.

If £10,000.00 was deposited on 1 July, the account balance would be £10,545.00 on 30 June the following year.

This assumes no further deposits or withdrawals are made, no changes are made to the interest rate and interest earned is added to the account.

This account is available to open online for existing members and in branch for new and existing members. The account can be managed online or in branch.

You must be a permanent UK resident and aged 18 or over.

You can pay into your account by electronic payment, cash or cheque. You must fund the account within 10 days.

The minimum balance is £10,000 and the maximum balance is £500,000 per person (£1m joint).

Customers may hold more than one 195 Day Notice Account, but the maximum holding across all accounts with the Society is £500,000 per person.

Withdrawals, transfers or closure can be completed online, in branch or by post and are subject to 195 days’ written notice.

Even with a penalty early withdrawals are not allowed. 

This product may be withdrawn from sale at any time without notice.

We reserve the right to close your account and return the funds to you.

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.

In the event of any apparent conflict between these Terms and Conditions and the General Savings Account Terms and Conditions, these Product Terms and Conditions take precedence.

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.