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Affinity Saver
(Issue 7)

Woman supports local charity fundraising with an Affinity Savings account from Marsden Building Society

Our Affinity Saver gives you easy access to your savings and the opportunity to support a good cause. You can choose to support Pendleside Hospice, Trinity Hospice, North West Air Ambulance or the Marsden Building Society Charitable Foundation. The more you save, the more we donate!

Rates effective from 07 February 2024.

Overview
Summary
Conditions
Apply

Key features:

  • A variable rate of interest
  • Access your money whenever you like via any of our branches
  • £100 to open
  • Receive your interest once a year
  • 0.50% of our total average affinity balances will be donated to your chosen affinity partner
  • Open in branch

Rates available up to:

3.35%

Account access:

Easy access

Find out more

Account name

Affinity Saver (Issue 7)

What is the interest rate?

 Annual
BalanceGross*AER†
£100+3.35%3.35%

 

Rates effective from 07 February 2024.

Interest is variable, calculated on a daily basis and paid annually on 31 March.

Can Marsden Building Society change the interest rate?

The interest rate is variable so we can increase or decrease the rate at any time.

If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change. All our interest rates are available in our branches and on our website.

For more details about why we may change the rate, and when we’ll let you know about a change, please refer to our General Retail Savings Account Terms and Conditions.

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

If you saved £1,000 the estimated balance after 12 months would be £1,033.50.

This example assumes that the account is opened with the amount stated on 01 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account, and no changes are made to the current interest rate. It is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

This account is available to UK residents and can be opened and operated at a branch.

Joint accounts are allowed.

The minimum balance to open the account is £100. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.

Additional deposits can be made at any time up to the maximum allowed.

Payments into the account can be in cash, by cheque, debit card (up to £1,000), electronic payment (but not direct debit), standing order or transfer from another Marsden account.

We accept savings applications from existing members across the UK and new members in the following postcode areas: BB, BD, BL, CA, CH, CW, FY, LA, M, OL, PR, SK, WA, WN.

Can I withdraw money?

You can withdraw from your account whenever you need in branch. 

You can close the account at any time if you need to.

Limits apply on cash withdrawals.

Additional information

*Interest will be paid gross. This means all the interest we pay you will be without tax deducted. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you’re entitled, you may have to pay tax at the applicable rate. This would need to be paid directly to HM Revenue & Customs. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’.

†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.

Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)

Download our product terms and conditions: Affinity Saver (PDF).

You can open this account in branch. We have branches across Lancashire in Barrowford, Burnley, Clitheroe, Colne, Garstang, Lytham, Nelson and Poulton. You can find the contact details of all of our branches on our 'Find a branch' page.

Please note, to open a savings product in branch you may need to book an appointment. Our branch teams will let you know if this is the case when you enquire.

Download our list of Identification Requirements before your appointment: Identification Requirements (PDF)

Smiling Marsden colleague on hand to help customers

We're here to help

We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.

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01282 440500