Rate Check. Updated 20th April 2003 

The true mutual building societies have proven beyond doubt that they are the best place for savings and mortgages.

We hope to offer the latest rates from mutual societies and hope you will compare them with those you receive from your current financial institution. These are not personal recommendations, but information on what is currently available to customers wishing to save or lend from a mutual building society. Please check with each society that the product is still available, and terms & conditions of the product. It is your responsibility to decide if the investment or mortgage is the most suitable for your circumstances.

If in doubt, seek independent financial advice. Free assistance in obtaining contact numbers of local advisers can be obtained by dialing 08000 131 132 and quoting 'SOBS website'.

 

Investments.

Many (but not all) mutual societies are keen to foster a longer term relationship with customers and members by offering enhanced savings rates in return for that commitment. There are many excellent rates on offer from regular saving schemes, affinity accounts, ISA accounts, children's accounts, loyalty products and term bonds.

 

Regular Saving Products:

Some smaller societies refuse to allow non-locals to open accounts due to persistent & disruptive action from carpetbaggers. This has led to a restriction in availability of some excellent investment products. However, local residents can apply to open accounts which are identified by the code R.

Best rates this month which is available to all:

5% & locals only 5.35%

Society*	Product	Gross rate code description at foot of table	Investment notes	Contact number
	Falcon Flexi-Save	3.9%R	£20-£250 per month	01226 733999
	Bonus Builder	4.1%	£10-£200 per month	01225 423271
	Monthly Savings	5.5%	£10-£150 per month	01482 881510
	Regular Saver	4.15%	£20-£500 per month	0800 132304
	Subscription Shares	1.65%	£10-£200 per month	0171 222 6736
	Regular Savings	4%	£10-£1000 epr month	01242 283593
	Regular Saver	3.7% R	£25-£500 per month	01494 782575
	Regular Saver	3.6%	£10-£250 per month	0800 243278
	Worden	4.1%	£20-£250 per month	01257 279373
	Monthly Saver	4.5%	£10-£250 per month	0345 665522
	Regular Savings	S		01228 541341
	Super Pyramid	3.9%+ R	£20-£250 per month	01325 366366
	Regular Savings	4%	£20-£250 per month	01332 841000
	Bonus Builder II	3.4% R	£10-£200 per month	01384 231414
	Monthly Saver	4.%	£20-£200 per month	01383 627727
	Bonus Builder	54.7	£10-£100 per month	01229 824560
	Target Shares II	4.7%	£25-£1000 per month	01782 255000
	Regular Savings Plus	S		01455 233008
	Regular Savings	2.9%	£50-no maximum per month	01737 245716
	Monthly Saver	5.35%	£20-£500 per month	01473 211021
	Regular Saver	5%BEST NATIONAL BS RATE	£20-£500 per month	0500 225777
	Regular Savings	1.5%	£1-£100 per month	01538 384151
	Various schemes	2.75%	£50-no maximum per month	01509 610707
	Easy Saver	S		0161 833 8880
	Regular Saver	3.69% R	£25-no maximum per month	01246 202055
	Regular Saver	3.55%	£20-£250 per month	01858 463244
	Monthly Saver	3.7%R EXISTING MEMBERS ONLY	£10-£250 per month	01282 440500
	Homebuilder	S		0870 6001043
	Regular Savings Bond	4.25% R	£10-£200 per month	0500 295500
	Saver Plus	4.65%	£20-£1000 per month	01633 840454
	Monthly Saver	4%	£20-£250 per month	01372 747771
	Bonus Saver	4.05%	£20-£1000 per month	0800 400417
	Super Saver	3.8%+ R	£20-£1000 per month	0800 883322
	Regular Savings	S		01222 344188
	Super Saver	4.65% R	£10-£300 per month	01799 522211
	Keepsave Bond	0.35% & 2.25% & 4.2%	£15-£150 per month	01723 368155
	Regular Savings	S	£25-£250 per month	01509 822000
	Monthly Savings	S		01785 223212
	Monthly Saver	3.24% ISA R	£10-£500 per month	0800 216121
	Minster Money Master	S	£30-£600 per month	01202 843550
	Regular Saver	4%	£10-£1000 per month	0121 557 2551
	Regular Savings	3.55% R	£10-£250 per month	0800 281 496
	Homebuilder Savings	3.55%	£10-£500 per month	0161 429 6262
	Regular Savers	4.25% ISA	£40-£2000 per month	0990 143668
	Monthly Saver	4.4%	£10-£100 per month	0800 378836

*certain conditions may apply for these rates; some rates are tiered dependent upon balance, may have minimum operating balances (especially postal versions of the account), restricted (R) opening territories or may be suspended (S) accounts - check with the society. E&OE.

ISA signifies tax free saving opportunity (nonCAT) .

For comparison: Non-mutual rates: Abbey National 3.45%-4.9%; Alliance & Leicester 5.1%-5.35%; Bank of Ireland 5%; Birmingham Midshires 6.95%; Bristol & West 5.2%; Halifax 7%; Lloyds TSB 1.05%; Triodos 4.25-4.75%.

Sources: & provider web sites.

 

Most provider investment rates, ISA, TESSA & bond rates& children's rates are updated regularly at

Money£acts and MoneyeXtra

 

Mortgages.

Visit Infotrade for an unbiased and extensive database of mortgages available from different providers.

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