News

Supporting Members Affected by Coronavirus

18th March 2020

Manchester Building Society is committed to doing what it can to support its members affected by Coronavirus (COVID-19), which is currently causing disruption to many people’s daily lives. If you have any concerns about making your mortgage payments, or if you want to discuss your savings with the Society, please contact our customer services team. Details of how you can contact the Society are available on the “Contact Us” page of the Manchester Building Society website.


2019 AGM: Members’ Votes Raise Money for Charity

10th May 2019

Manchester Building Society's AGM took place on 26th April 2019 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.

The Society made a charitable donation for each returned qualifying proxy form. As a result of the number of members submitting their votes, the Society is donating £849.50, divided equally between the Society’s selected charities:

  • North West Air Ambulance - a charity which has been flying life-saving missions throughout the North West since 1999.
  • Forever Manchester - a charity which provides support to communities across Greater Manchester.

The Society’s Secretary said “We would like to thank all those who took the time to vote this year. Manchester Building Society is proud to support charities from the local region and the board are delighted to be able to make donations to two worthy charities on behalf of our members.”

The results of the 2019 AGM can be found on the Society’s website: Annual General Meeting


Manchester Building Society is Forever Manchester’s Employee Engagement Award Sponsor

23rd January 2019

Manchester Building Society is proud to be sponsoring the Employee Engagement Award at Forever Manchester’s Birthday Party 2019, taking place on Friday 8th February at The Principal Manchester in Manchester city centre. The annual event brings together over 500 Forever Manchester supporters to celebrate the outstanding achievements of community projects across Greater Manchester that the charity has helped to support.

The Employee Engagement award is given in recognition of an employer that has encouraged and engaged with its staff positively to contribute to Forever Manchester and local communities.

The Society’s HR Manager said: “We have supported Forever Manchester for a number of years. As a Manchester-based organisation we firmly believe in ensuring we make a positive impact in the community where many of our staff and customers live and work. Supporting Forever Manchester allows us to do this.”

Further information and ticketing for the Forever Manchester’s Birthday Party event can be found on their website.


Bank of England Base Rate Increase

10th August 2018

The Bank of England base rate increased from 0.50% to 0.75% on 2nd August 2018. Having considered this increase, along with other important factors, Manchester Building Society can now confirm the following changes to its savings and ISA rates:

  • All variable rates for individual savers will be increasing,
  • Affected rates will increase by at least 0.10%, with the majority increasing by 0.15% or more,
  • Rate increases will take place before or on 1st September 2018.

No changes are planned for the Society’s business savings rates.

The Society has also reviewed its mortgage rates and will be increasing the Standard Variable Rate by 0.25%.

The Society always provides written notification whenever it makes changes to interest rates. Customers can expect to receive details for their accounts before 1st September 2018.

A summary of the changes being made to savings and ISA rates can be found here

Manchester Building Society Sponsors Forever Manchester’s Employee Engagement Award

18th Jan 2018

Manchester Building Society is proud to be sponsoring the Employee Engagement Award at Forever Manchester’s Birthday Party 2018, taking place on Friday 9th February at The Principal Manchester in Manchester city centre. The annual event brings together over 400 Forever Manchester supporters to celebrate the outstanding achievements of community projects across Greater Manchester that the charity has helped to support.

The Employee Engagement award is in recognition of an employer that has encouraged and engaged with its staff positively to contribute to Forever Manchester and local communities.

The Society’s HR Manager said: “We have supported Forever Manchester for a number of years. As a Manchester-based organisation we firmly believe in ensuring we make a positive impact in the community where many of our staff and customers live and work. Supporting Forever Manchester allows us to do this.”

Further information and ticketing for the Forever Manchester’s Birthday Party event can be found on their website.

2017 AGM: Members’ Votes Raise Money for Charity

3rd May 2017

Manchester Building Society's AGM took place on 25th April 2017 at Manchester Town Hall. 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.

The Society made a charitable donation for each returned qualifying proxy form. As a result of the number of members submitting their votes, the Society is donating £1,175, divided equally between the Society’s selected charities:

  • North West Air Ambulance - a charity which has been flying life-saving missions throughout the North West since 1999.
  • Forever Manchester - a charity which provides support to communities across Greater Manchester.

The Society’s Head of Corporate Development and Secretarial Services said “We would like to thank all those who took the time to vote this year. Manchester Building Society is proud to support charities from the local region and the board are delighted to be able to make donations to two worthy charities on behalf of our members.”

The results of the 2017 AGM can be found on the Society’s website: Annual General Meeting

2016 AGM: Members’ Votes Raise Money for Charity

30 June 2016

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.

The Society made a charitable donation for each returned qualifying proxy form. As a result of the number of members submitting their votes, the Society is donating over £1,100, divided equally between the Society’s selected charities:

  • North West Air Ambulance - a charity which has been flying life-saving missions throughout the North West since 1999.
  • Forever Manchester - a charity which provides support to communities across Greater Manchester.

The Society’s Head of Corporate Development and Secretarial Services said “We would like to thank all those who took the time to vote this year. Manchester Building Society is proud to support charities from the local region and the board are delighted to be able to make donations to two worthy charities on behalf of our members.”

The results of the 2016 AGM can be found on the Society’s website: Annual General Meeting

2015 AGM; Members’ Votes Raise Money for Charity

30 April , 2015

Manchester Building Society's AGM took place on Wednesday 29th April 2015 at Manchester Central Library. 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; to participate in making key decisions for the future of the Society.

The Society made a charitable donation for each returned qualifying proxy form, and as a result of the number of members submitting their votes, the Society is donating over £1,500, divided equally between the Society’s selected charities. North West Air Ambulance, a charity which has been flying life-saving missions throughout the North West since 1999, and Forever Manchester, a charity which provides support to communities across Greater Manchester, will receive the donations.

The Society’s Operations Director said “Manchester Building Society is proud to support charities from the local region. We would like to thank all those who took the time to vote this year, and the board are delighted to be able to make donations to two worthy charities on behalf of our members.”

The results of the 2015 AGM can be found on the Society's website: Annual General Meeting

Members’ Votes Raise Money for Charity

26 June 2014

Manchester Building Society's AGM took place on Monday 16th June 2014. 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; to participate in making key decisions for the future of the Society.

The Society made a charitable donation for each returned qualifying proxy form, and as a result of the number of members submitting their votes, the Society is donating over £1,700, divided equally between the Society’s selected charities; North West Air Ambulance and Forever Manchester.

Manchester Building Society is proud to support charities from the local region, and selected North West Air Ambulance, a charity which has been flying life-saving missions throughout the North West since 1999, and Forever Manchester, a charity which provides support to communities across Greater Manchester, to receive the donations.

The Society’s Secretary said “We would like to thank all those who took the time to vote this year, and the board are delighted to be able to make donations to two worthy charities on behalf of our members.”

The results of the 2014 AGM can be found on the Society’s website: Annual General Meeting

Make the most of your Cash ISA allowance in the New Tax Year

01 April 2014

ISAs are one of the most popular savings products in the UK, allowing savers to earn interest without paying tax on the interest earned.

From 6th April 2014, savers can deposit up to £5,940 as part of their 2014 – 2015 ISA allowance. The remainder of the £11,880 allowance can be invested in a stocks and shares ISA.

However, as announced in the 2014 Budget, from 1st July the overall ISA limit for the 2014 – 2015 tax year will increase to £15,000, all of which can be invested in a Cash ISA should that be the saver’s preference.

The Society’s Savings Manager said “The significant increase in the ISA allowance from July will be welcome news to many savers.”

Manchester Building Society offers a range of cash ISAs, details of which can be found on our website or by contacting us on 0161 923 8015.

Manchester Building Society launches Best Buy ISA for the New Tax Year

08 April 2013

Manchester Building Society has launched a best buy fixed rate cash ISA in time for the start of the new tax year.

Offering a competitive fixed interest rate of 2.15% tax free / AER until 30th April 2014, this is one of the best short term fixed rate ISAs currently available. Customers can deposit up to £5,760 in this new ISA as part of their 2013 – 2014 tax year allowance, and to make the most of this competitive rate, can also transfer in any existing ISAs held elsewhere.

Should customers require access to their funds, withdrawals are available subject to 90 days notice or immediately, subject to a 90 day interest penalty on the amount withdrawn.

The Society’s Savings Manager said “We are delighted to be able to offer this competitive fixed rate cash ISA just in time for the start of the new tax year. As a mutual building society we want to offer our customers the best interest rates and we hope both our existing and new customers will make the most of their tax free ISA allowance by depositing funds in this ISA”.

Manchester Building Society is Proud to Support the North West Air Ambulance

21 September 2012

Manchester Building Society has today launched its first affinity accounts to support the North West Air Ambulance charity.

By opening an affinity account, customers can help the charity raise much needed funds, and get a competitive rate of interest on their savings. Every year the Society will make a cash payment to the North West Air Ambulance charity equivalent to 0.50% per annum of the average balances held in the accounts throughout the year.

The Society’s Savings Manager said “The North West Air Ambulance provides a life saving service throughout our local region, and is reliant almost entirely on donations from the general public. We are therefore proud to be able to offer this opportunity for customers to provide much needed support to such an important charity.”

Manchester Building Society launches business saving accounts

05 July 2012

Manchester Building Society has entered the business savings account market with the launch of products for small and medium-sized firms, limited liability partnerships and charities with deposits of at least £10,000.

The country's 15th biggest building society has introduced a 35-day notice account which pays interest of 1.25 per cent above the bank base rate, with an additional 0.75 per cent bonus for the first five months. It has also introduced a 60-day notice account.

The Society's Savings Manager said: “The Society has a long history of supporting SMEs through commercial lending, particularly in the Manchester area, and we felt it was the right time to extend our services into savings and deposits for the sector.

“We appreciate that many businesses are struggling to achieve an acceptable return for their deposits, and we wanted to aid businesses by providing a very real alternative to their existing accounts.”