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Charity Easy Access

  • Easy Access 
  • Save £100 - £500,000 
  • Annual Interest
  • Charities in LE and NN Postcode Areas

This account is suitable for charities that need easy access to their funds. 

Product Terms and Conditions

Summary Box

What is the Interest Rate?

  Gross* / AER** %
£100+ 0.50

Interest is paid annually on 30 June and can be added to your Charity Easy Access account or direct to the charity's bank account.

No interest is paid on balances that fall below the minimum of £100.

*Interest is paid exempt from UK tax.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
Can MHBS change the Interest Rate?
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 section 12.3 of the General Savings Account Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?

This projection is for illustrative purposes only.

If £1,000 was deposited on 1 July, assuming no further deposits or withdrawals are made and interest is added to the account, on 30 June the account balance would be £1,005.00
How do I open and manage my account?
You can open and manage this account online, in branch or by post.

Signatories must be permanent UK residents and aged 18 or over.

The charity's head office must be located in LE or NN postcode areas.
You can pay into your account by electronic payment, or by cash or cheque.
The minimum balance is £100 and the maximum balance is £500,000 per charity.
Customers may hold more than one Charity Easy Access account, but the maximum holding in all accounts with the Society is £500,000 per charity.
Can I withdraw money?
Yes, penalty free withdrawals are available at any time.

You can access your account online, in branch or by post.
Additional Information
This product may be withdrawn from sale at any time without notice.

We reserve the right to prohibit any further deposits into this product.

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

This is a deposit account, not a share account. Deposit account customers do not become members of the Society, and therefore have no voting rights or entitlement to windfall benefits in the event of a merger or takeover.
For full terms and conditions for savings accounts, please see separate leaflet.
In the event of any apparent conflict between these Product Terms and Conditions and the General Savings Account Terms and Conditions, the Product Terms and Conditions take precedence.

This information can be made available in Braille, Large Print and Audio Format. 
Issue Date: 26 May 2017
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