Our Workplace Easy Access Saver gives you the opportunity to save from your wage, post-tax and other deductions if your employer is enrolled in our Workplace Savings scheme. It offers a variable rate of interest with easy access to your savings.
Rates effective from 13 June 2025.
Key features:
Account name
Workplace Easy Access Saver (Issue 1)
What is the interest rate?
| Annual | ||
|---|---|---|
| Balance | Gross* | AER† |
| £25+ | 3.00% | 3.00% |
Rates effective from 13 June 2025.
Interest earned daily 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 Retail Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a range of deposits?
If you saved £20,000, the estimated balance after 12 months would be £20,600.
If you saved £1,000, the estimated balance after 12 months would be £1,030.
These examples assume 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 annually, and no changes are made to the current interest rates. They are provided for illustrative purposes only and do 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 online only.
To open this account, your employer must be enrolled in our Workplace Savings scheme. When registering, you’ll be asked to give your employer’s name.
You can only open one Workplace Easy Access Saver and one Workplace Flexible Cash ISA.
Joint accounts are not permitted.
The minimum balance to open the account is £1. The maximum amount you can save in this account is £20,000. 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.
You’ll need to save at least £5 per month into this account and this payment must be made by your employer from your wage, post-tax and other deductions. Once the account has been opened, you’ll need to tell them how much you’d like to save each month and they’ll arrange this for you.
Additional deposits can be made at any time up to the maximum allowed. Payments not made by your employer must be electronic payments from another account you hold with a UK bank or building society (including standing order but not direct debit).
Can I withdraw money?
You can withdraw from your account whenever you need to using our eSavings platform. Payments will be sent to the nominated bank account you set up during registration.
You can close the account at any time if you need to.
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: Retail Savings Terms & Conditions (PDF)
Download our product terms and conditions: Workplace Easy Access Saver (PDF).
To apply online, visit our ‘eSavings’ platform and follow the steps on screen.
Download our list of Identification Requirements: Identification Requirements (PDF)
Please note, products can be withdrawn at any time and without notice.
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.
01282 440500 * 
