Savings Interest Rates, Switch Offers and Guides for Manchester BS

Who they are

Manchester Building Society was founded in 1922 and spent a century serving savers from its Manchester base. Today it operates as a trading name of Newcastle Building Society, having completed its merger with Newcastle on 1 July 2023. The Manchester name and local presence have been kept deliberately - you still get the community-focused service of a local building society, now backed by the strength of one that has been thriving for years.

One important detail for savers: because Manchester BS is a trading name of Newcastle Building Society, both brands sit under the same banking licence. If you already hold savings with Newcastle Building Society, your FSCS protection is shared across both.

Savings accounts

Manchester BS offers a focused range. The headline product is a Regular Saver paying 5.40% variable, with instant access - a strong rate for disciplined monthly savers. If you want easy access without a fixed commitment, the Manchester Rainy Day Saver pays 4.15% variable and allows one penalty-free withdrawal per year. The standard Manchester Easy Access Saver is far more modest at 1.80%, so it is worth being clear which account you are opening.

For longer-term savers, a 5 Year Fixed Rate ISA is available at 4.65%, with no withdrawals permitted during the term, and both a 1 Year and a 2 Year Fixed Rate Bond each pay 4.26% with no access until maturity. The minimum deposit on the fixed accounts and the Rainy Day Saver is just £1, making them accessible to most savers.

All accounts listed here carry FSCS protection up to £120,000, reflecting the combined coverage available through the Newcastle Building Society licence.

Is it right for you?

Manchester BS suits savers who want a mutual, community-rooted feel without sacrificing competitive rates. The Regular Saver stands out if you can commit to putting money away each month, and the fixed ISA is worth a look for those wanting a tax-efficient home for longer-term cash. There are no switch offers to factor in here.

Rates are variable where stated and can change at any time. Check the live figures shown on this page before you apply - they are always more current than anything written here.