Easy Access Cash ISA

With our Easy Access Cash ISA, you can earn 0.85%
tax free/AER*
(variable) until 19th March 2017 and then
0.70% tax free/AER* (variable) from 20th March 2017 on
balances from £1,000 and over. Withdrawals, closure and
ISA transfers out are available immediately without notice
or penalty. Full details can be found below.

How To Apply

Easy Access Cash ISA is now fully subscribed and we are not accepting applications for
new accounts at this time. All existing accounts continue to operate as normal.

Key Product Features for Easy Access Cash ISA

    • Account Name

      • Easy Access Cash ISA

      What is the interest

      • Effective Date                        AER*            Tax Free
        Until 19th March 2017            0.85%            0.85%
        From 20th March 2017            0.70%            0.70%
      • Interest is calculated daily and paid annually on 31st December and will be credited to the account.
      • Interest will be paid tax free which means that it is exempt from income tax.

      Can Manchester
      Building Society
      change the interest rate?

      • Interest rates are variable and will only be altered in accordance with condition 11.8 of our Terms and Conditions. You will be notified of any changes in writing.
      • Information about current interest rates can be found at any time by contacting us on 0161 923 8065 or visiting our website www.themanchester.co.uk. We will write to you at least once each year to confirm the interest rate on your account.

      What would the
      estimated balance be
      after 12 months
      based on a £1,000

      • 1,008.50, if the interest rate stayed at 0.85% tax free/AER* (the rate until 19th March 2017) for 12 months.
      • £1,007.00, if the interest rate stayed at 0.70% tax free/AER* (the rate from 20th March 2017) for 12 months.
      • This projection is provided for illustrative purposes only and assumes that interest is credited on the anniversary of account opening and that the interest rate does not change.

      How do I open and
      manage my account?

      • Currently closed for new applications. All existing accounts continue to operate as normal.
      • A minimum deposit of £1,000 is required to open this account. This can be a new ISA subscription or a transfer of existing cash ISA funds from another provider.
      • You must be aged 16 or over and permanently resident in the UK.
      • The account can be opened and operated through the post, or in person at our branch or an agency.

      Can I withdraw

      • Withdrawals are available immediately without notice or penalty.
      • Withdrawals are available by cheque or by transfer to another ISA provider.
      • This ISA is not flexible. Any money paid in will count towards your ISA allowance regardless of any withdrawals made.


      • The value of any cash ISA tax benefits depends on your own personal circumstances. The tax benefits of cash ISAs may be changed in the future.
      • Please note that we reserve the right to withdraw this account at any time and return applications and/or deposits should the account become oversubscribed.
      • If you change your mind about your savings account, you have the right to cancel within 14 days of opening. Please see our Terms and Conditions to find out how to cancel your account.

      * AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and added to the account once each year. Interest is paid tax free which means that it is exempt from income tax.

      Other Important Information

      The amount of money you can subscribe in ISAs in the current tax year (6th April 2016 to 5th April 2017), is £15,240. This can be paid into either one cash ISA, one stocks and shares ISA or one innovative finance ISA, or into any combination of the three.

      If you pay into this ISA in the current tax year, you won’t be able to pay into another cash ISA this tax year.

      The Society offers a range of savings accounts and ISAs. For more details about our accounts, or if you have any queries, please contact us on 0161 923 8015 or visit our website www.themanchester.co.uk.

      Manchester Building Society is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we are unable to meet our financial obligations. Basic information about the protection of eligible deposits is given on the Information Sheet. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk

What we are saying

  1. 2016 AGM: Members’ Votes Raise Money for Charity

    Published:30 June , 2016 in category: Blog

    Manchester Building Society's AGM took place on Friday 10th June 2016 at Manchester Art Gallery. As a mutual, owned by and operated for its members, the Society invites members to take part in and vote at the Society’s AGM each year.

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