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

1st 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

8th 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withdrawals are available subject to 90 days notice or immediately, subject to a 90 day interest penalty on the amount withdrawn.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

21st 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

July 05, 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.”