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Onthedot Easy Access 

  • Internet account
  • Save £1 - £150,000
  • Annual or monthly interest
  • Easy access
  Onthedot Easy Access - manage your savings 24/7
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  Savings Tools  
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If you have internet access, have you considered opening an internet account? Many savers are looking for an account that rewards them with a high interest rate whilst not restricting access to their money. Onthedot Easy Access offers you the opportunity to manage your savings 24/7 wherever you are!

Is this account suitable for me?
This account is suitable for someone aged 16 or over, who requires easy penalty free access via the internet. It is not suitable for someone requiring a fixed rate of interest or someone who needs cash withdrawals, or who wishes to use a branch or postal service.

How and when is interest paid?
Interest is paid annually on 30th June, or on the last working day of each month.Your money will start earning interest for you from the date of receipt of your funds. You can have the interest added to your onthedot Easy Access account, paid into a bank account or transferred to another Society account (not applicable to all account types). If you choose to have interest added to the account it will be subject to the same withdrawal conditions as the capital.
Rates effective 15 May 2014
Gross * %
AER ** %
NET # %
Annual £1 + 0.90 0.90 0.72
Monthly £1 + 0.80 0.80 0.64
* The contractual rate of interest payable before the deduction of income tax at the rate specified by law.
** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
# Net rates are approximate after deduction of income tax at the lower rate of 20%.

How much can I invest?
The account must be opened with a minimum of £1; further deposits can be made up to a maximum of £150,000 per person (£300,000 for a joint account). The minimum balance at any time is £1.

How can I pay money in?
You can add to your account whenever you wish, simply complete a paying in slip and send a cheque to our Head Office address.  Cheques must be made payable to the account holder and not to the Society. You can also transfer funds from another account with the Society by post or online, and transfer from an account with a bank or another building society. To do this you will need our sort code 20-49-08 and our account number 70608386 and also your Onthedot Easy Access account number, which should be inserted in the roll or reference number field.

How can I access my account?
Penalty free withdrawals are available at any time. Withdrawals can only be made online via You-View, our online account service.  You have the option to either transfer money to another account with the Society or request an electronic transfer to a bank account nominated by you.  You will be required to register details of a nominated bank account during your application.  This account must be a personal current account held in your name, and with a valid UK sort code. Withdrawal requests received before 2pm on a working day will be processed by electronic payment on the same day. Requests received after 2pm or not on a working day will be processed on the following working day. There is no charge for this service.

Summary Box
 Key Product Information for our Savings Account(s)
Account Name Onthedot Easy Access
Interest Rate (AERs)
See above for details or for our other accounts see Current Interest Rates
Tax Status
Interest is paid net of basic rate tax, unless the appropriate HM Revenue & Customs declaration is completed.
Conditions for Bonus Payment N/A
Withdrawal Arrangements Penalty-free withdrawals available at any time
Access Online

Other Information
Customers may hold more than one onthedot account, but the maximum holding per person is £250,000. The maximum investment in all accounts with the Society is £500,000 per person.

Please read both the Internet Account Terms and Conditions and the Savings Account Terms and Conditions before applying. In the event of any apparent conflict between the conditions on this page and the full Terms and Conditions, the full Terms and Conditions take precedence.

How can I open an account?
Applications can only be made online. To apply, click on the button below. You will be required to register for You-View - the Society's online account service - if you are not already registered to use this service.  Once you have registered for You-View you can then proceed to open an Onthedot Easy Access account.  You will be required to print and sign a copy of your application form at the end of the process. Your application form, personal cheque and relevant identification documents, should then be posted to our Head Office address where we will open your account. We will notify you in writing when your account is open and ready to access.
Apply Now by registering or logging into You-View, the Society's online account service.

If I need more information what do I do?

We are always pleased to help. Please call us on 01858 412250 or email us at CustomersFirst@mhbs.co.uk
Product information is also available in Braille, Large Print and Audio format.
This product may be withdrawn at any time and without notice.
Issue date: 14 November 2014
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