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Charity Support

Mutual Advantage - make your savings go further, and support charity at the same time. It's philanthropy made easy.

With Mutual Advantage you'll continue to earn interest on your funds and be able to support charity at the same time - without needing to do anything. You're able to invest from £100 to £50,000, make additional investments whenever you wish (up to the maximum balance) and access your funds with three withdrawals per year. If you need additional access this can be done through 30 days' notice or interest penalty.

What's more, the charity you are supporting will receive an annual bonus of 1% of the average account balances. Each of our branches has their own individual charity:

Postal accounts opened will also be in support of 4YP.

Because we want to keep supporting charities doing vital work in our local communities we'll change the chosen charities each year on 1 July. We'll update you by email to let you know how you can help to choose the new charity for your branch for the year ahead, and how much bonus has been paid to the outgoing organisation.

How it works

FSCS

This savings account not only pays you an interest rate just like any other savings account, but we also give your nominated branch charity a 1% bonus each year based on the average balance of 'their' accounts across the year.

You can open a Mutual Advantage account by visiting a branch or contact us to find out more.




Account NameInterest RateAccount TypeKey Details

Mutual Advantage

0.50% Gross*/AER**

Easy Access (Variable rate)

- Variable interest rate
- Three penalty free withdrawals annually
- Charity support account - see Summary
  Box for more information

More Details

*Gross - The amount paid with no income tax deducted

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year

Useful DownloadsDownload
Savings Interest Rates Leaflet - interest rates and summary of terms for all of our personal savings products Download details of identification required
Financial Services Compensation Scheme (FSCS) Information Sheet fscs20x20
Identification details - documents required when opening an account Download details of identification required
Customer Information - outlines procedures for opening and using our savings accounts Download the Customer Information document
General Investment Terms & Conditions - applies to all savings accounts with the Society Download the Investment Terms and Conditions
Standing Order Form - to make regular payments from your bank to your Society account, please print this form, fill in the details and post it to your bank. If you are not using this form, our bank details are:

Account number: 00004000 Sort Code: 23-44-48 Roll No/Ref No: IMPORTANT - please quote your 9 digit Society account number
Download the Investment Terms and Conditions

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