Our Branch Saver offers a variable rate of interest with easy access to your savings.
Rates effective from 12 August 2024.
Key features:
Account name
Branch Saver (Issue 14)
What is the interest rate?
| Annual | ||
|---|---|---|
| Balance | Gross* | AER† |
| £20,000+ | 3.55% | 3.55% |
| £25+ | 3.25% | 3.25% |
Rates effective from 12 August 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 branch and on our website.
For more details about why we may change the rate, and when we will 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 range of deposits?
If you saved £20,000, the estimated balance after 12 months would be £20,710.
If you saved £1,000, the estimated balance after 12 months would be £1,032.50.
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 at a branch.
Joint accounts are allowed.
The minimum balance to open the account is £25. 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.
Payments into the account can be made in cash, by cheque or debit card (up to £1,000), electronic payment (but not direct debit), standing order or transfer from another Marsden account.
Additional deposits can be made at any time up to the maximum allowed.
Can I withdraw money?
You can withdraw from your account whenever you need in branch. Limits apply on cash withdrawals.
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: General Retail Savings Terms and Conditions (PDF)
Download product terms and conditions: Branch Saver (PDF).
You can open this account in branch. You can find details of all our branches on our 'Find a branch' page.
If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.
Download our list of Identification Requirements before your appointment: 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 * 
