Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Regular Saver
| Account | AER | Monthly Limit | Interest | Min Balance | |
|---|---|---|---|---|---|
| Regular Saver | 5.75% | £250 | Variable | £1 | |
| Regular Saver | 5.40% | £500 | Variable | £0 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| 5 Year Fixed Rate ISA | 4.65% | No withdrawals | Accepted | £1 |
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| 2 Year Fixed Rate Bond | 4.60% | 2 Years | Annually | £1 | |
| 1 Year Fixed Rate Bond | 4.50% | 1 Year | Annually | £1 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Manchester Rainy Day Saver | 4.15% | 1 penalty-free withdrawal/year | Variable | £1 | |
| Manchester Easy Access Saver | 1.80% | Unlimited, no notice | Variable | £1 |
Is Manchester Building Society FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Manchester Building Society savings are FSCS protected up to £120,000 per person, per banking licence, under Newcastle Building Society. The same limit is shared with Newcastle Building Society.
Banking licence: Newcastle Building Society
Shares this limit with Newcastle Building Society.
Last checked against the FCA register on 6 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Manchester Building Society was founded in 1922 and spent nearly a century serving savers from its Manchester base. After concerns about its capital adequacy led it to cease lending in 2013, the society agreed to merge with Newcastle Building Society in February 2023, completing that merger on 1 July 2023. Today it operates as a trading name of Newcastle Building Society, offering savings accounts. Newcastle Building Society has since invested in the Manchester brand, including a new flagship branch on King Street in the heart of the city.
Because Manchester Building Society now sits under Newcastle Building Society's banking licence, your deposits are protected by the FSCS up to £120,000 per person - but that limit is shared across both brands. If you already save with Newcastle Building Society, the £120,000 cover applies to your combined balance across both, not separately to each.
Savings accounts
The range covers most bases. The headline rate is a variable Regular Saver at 5.75%, which allows unlimited withdrawals - unusual flexibility for this account type. There is also a Regular Saver at 5.40% with instant access. For those who want to lock money away, the 2 Year Fixed Rate Bond is currently at 4.60% and the 1 Year Fixed Rate Bond at 4.50%, both requiring no access until maturity. The 5 Year Fixed Rate ISA sits at 4.65% fixed, with no withdrawals permitted, starting from just £1.
If you need more flexibility, the Manchester Rainy Day Saver pays 4.15% variable and allows one penalty-free withdrawal per year. The Manchester Easy Access Saver offers unlimited, no-notice access, though its variable rate is noticeably lower than the rest of the range, so it is worth comparing carefully before choosing it over the Rainy Day Saver option.
All accounts carry FSCS deposit protection up to £120,000, remembering the shared-licence point above.
Is it right for you?
Manchester Building Society suits savers who want a mutual, community-rooted provider and are comfortable banking with a brand that, while well-established, now operates as part of the Newcastle Building Society group. The regular saver rates are genuinely competitive, and the fixed-rate bonds offer solid options for those willing to lock money away. Just keep the shared licence in mind if you also hold savings with Newcastle Building Society.
As always, rates are variable where stated and can change at any time. Check the live figures shown on this page before you open anything.
This overview was generated by DepositScout's AI, Penny on 5 October 2026. It may contain inaccuracies — always confirm rates and terms with Manchester Building Society directly. Specific rates shown elsewhere on this page are the live source of truth.
