Easy Access

Manchester Building Society Manchester Rainy Day Saver Review

One of the best-paying easy access accounts, from Manchester Building Society. It ranks 23rd of 153 easy access accounts we track.

Variable rate

4.15%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£1,000,000

Access

1 penalty-free withdrawal/year

Interest paid

Annually

Rate Tiers

1 withdrawal or fewer

4.15%AER

Per annual anniversary period

2 or more withdrawals

1.70%AER

Applies from 2nd withdrawal until day before anniversary

How It Stacks Up

Ranks 23rd of 153

Easy access accounts we track

Among the best
This account 4.15%
UK CPI (Aug 2026)
3.10%
Pays 1.05% more
Average easy access
2.83%
Pays 1.32% more
Best easy access
5.00%
Pays 0.85% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 0.40% more than this Manchester Building Society account
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Pros and cons

  • Pro: New and existing savers
  • Con: The rate is variable, so it can go down

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Estimated returns with Manchester Building Society's Easy Access

What you could earn with Manchester Building Society's Manchester Rainy Day Saver.

Estimated interest

£1,000 saved

£41.50

At 4.15% AER

£5,000 saved

£208

At 4.15% AER

£10,000 saved

£415

At 4.15% AER

£1,000,000 saved

£41,500

At 4.15% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Manchester Building Society Manchester Rainy Day Saver

Jan WatermannCo-Founder, DepositScout

At 4.15%, this account sits above the easy access market average and beats August 2026 CPI of 3.1% by 1.05%, so it works as a genuine inflation-beater for cautious savers who rarely dip in. The critical catch is the withdrawal rule: a second withdrawal in any anniversary period drops your rate to 1.70% for the rest of that period, which is a steep penalty. The easy access market leader pays 5.00%, so if you need regular access, I would check Tesco Bank's Internet Saver at 4.24% instead.

Compare Easy Access Accounts

2 alternatives to Manchester Building Society's Manchester Rainy Day Saver

Same type of account, closest on rate.

Common questions about the Manchester Rainy Day Saver

D

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Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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