Manchester BS 3.16% Account (35 days' notice, branch/postal)

Special_Saver2

Hi Everybody,

I just noticed this account on moneyfacts.co.uk best buys table. I cannot see any other threads about this account and it is not on the main MSE Savings page. This account is only available until 10th April 2012. It is a pretty good rate if you don't mind giving 35 days' notice and the fact it is a branch/postal account. Remember, if you have £50,000 or more then you would be better off with the Birmingham Midshires 3.2% account.

Manchester BS Platinum Notice Account Issue 1

• Interest rate: 3.16% gross/AER on £1,000 to £75,000 (including a 1.15% bonus for the first 12 months)

• Withdrawals with 35 days' notice

• Four withdrawals allowed per calendar year

Deposits will be accepted until 10th April 2012 up to a maximum of £75,000 per customer.

The account is available for new funds only. Transfers of funds from existing Manchester Building Society accounts will not be accepted. If you have or had a Manchester Building Society account you may open a Platinum Notice Issue 1 account as long as you have not made a withdrawal or closure from your account within the previous 21 days prior to application or deposit

Interest is paid annually on 31st December and can be credited to the account or paid out to your bank account according to your preference as indicated on the application form. Interest rates are variable and any changes in interest rates are usually communicated to customers via notices in our branch and agencies, on our website, and in the national press.

Please note that this account is a limited edition and we reserve the right to withdraw this account at any time and return applications and/or deposits should the account become oversubscribed.

MiserlyMartin

Well spotted! "Access Post, Branch or Agency." Lack of online access makes this account unworkable for me. Its just too antiquated.

What annoys me about all these accounts it that they just are going to lend your money out to BTL people and the like on overpriced houses. I've started using p2p lender, ratesetter bypass this.

Special_Saver2

Yes, this account might be best if you live near a branch or if you are really unlikely to need to make any withdrawals. It would also be better if you could give 35 days' notice and then receive a Faster Payment with your money at the end of the 35 days.

They have some agency branches outisde Manchester (list here) including Devon!

SS2