Savings Interest Rates, Switch Offers and Guides for Market Harborough BS

Who they are

Market Harborough Building Society is a UK building society headquartered in Market Harborough, Leicestershire, with roots going back to 1870. It has been owned by its members ever since. Today the society operates five branches and serves over 35,000 members, with products promoted through branches in Leicestershire and Northamptonshire, as well as online and by post. Being a mutual, there are no shareholders - any surplus goes back into the society for the benefit of members and the communities it serves.

Savings accounts

Market Harborough offers a wide spread of savings options. At the flexible end, the Save & Support easy access account pays 0.8% AER variable and carries a community twist - the society donates a minimum of £5,000 a year to a charity of the year, calculated on the average balance held. The Easy Access ISA pays 1.6% AER variable, and for those willing to tie money up, the notice account range runs from a 30-day account at 1.45% AER right through to a 160-day account at 4.25% AER (minimum £25,000). Fixed Term Bonds go up to 4.6% AER for those who can lock away at least £5,000 with no access until maturity.

For regular savers, the Fixed Term Regular Saver stands out at 5.75% AER, with a minimum of just £10. ISA savers have the choice of an easy access Cash ISA (1.6% AER), a 100 Day Notice ISA (2.7% AER, minimum £5,000), or a Junior ISA at 2.4% AER. Families saving for children can also use the Kickstarter account at 1.8% AER variable, opening with just £10.

There are also PlanetSaver notice accounts, which carry an environmental focus, available at notice periods ranging from 30 to 150 days.

FSCS protection

Market Harborough Building Society protects deposits up to £120,000 per depositor through the UK's deposit guarantee scheme, and the institution participates in the Financial Services Compensation Scheme (FSCS), making regular contributions into it. That £120,000 limit is notably higher than the standard £85,000 protection level you see at most banks - this reflects the building society's own structure and licence. No licence-sharing with another brand was identified, so your FSCS allowance here is not split with another provider.

Is it right for you?

Market Harborough suits savers who like dealing with a genuine mutual - one with a long history, a local feel, and a broader community mission. The Fixed Term Regular Saver and longer-notice accounts are competitive if you can plan ahead, while the Save & Support account is a nice option if you want your balance to do a little extra good. The variable rates on easier-access products are more modest, so it is worth comparing before you commit.

All rates shown on this page are live and will be updated as they change, so check the current figures before making any decisions.