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Charity Support

Mutual Advantage - make your savings go further, and support charity at the same time.

With Mutual Advantage you'll continue to earn interest on your funds and be able to support charity at the same time - without needing to do anything. You're able to invest from £100 to £50,000, make additional investments whenever you wish (up to the maximum balance) and access your funds with three withdrawals per year. If you need additional access this can be done through 30 days' notice or interest penalty.

What's more, the charity you are supporting will receive an annual bonus of 0.30% of the average account balances. Each of our branches has their own individual charity.

Mutual Advantage charities to 30 June 2021

  • Aldeburgh - Aldeburgh Cinema

  • Hadleigh - The Bumblebee Children's Charity

  • Halesworth - Halesworth & District Museum

  • Haverhill - S.A.R.S

  • Ipswich (Mutual House) - Families in Need (FIND)

  • Ipswich (Ravenswood) - Genesis Orwell Mencap

  • Saxmundham - Access Community Trust

  • Sudbury - The Bridge Project

  • Woodbridge - Art for Cure

Postal accounts opened will also be in support of a nominated charity.

Because we want to keep supporting charities doing vital work in our local communities we may change the chosen charities each year from 1 July. If you want to suggest a new charity for us to support or have any feedback, please let us know from 1 - 31 May each year when we will be reviewing our charity partners.

Following payment of the annual charity bonus we will confirm how much each outgoing charity has received and the selected charity for the year ahead in our monthly newsletter. You can also ask in-branch for details.

How it works

This savings account not only pays you an interest rate just like any other savings account, but we also give your nominated branch charity a 0.30% bonus each year based on the average balance of 'their' accounts across the year.

You can open a Mutual Advantage account by visiting a branch or contact us to find out more.

Charity Support Accounts

Account NameInterest RateAccount TypeKey Details

Mutual Advantage

0.30% Gross*/AER**

Easy Access (Variable rate)

- Variable interest rate
- Three penalty free withdrawals annually
- Charity support account - see Summary
  Box for more information

More Details

Useful DownloadsDownload
Savings Interest Rates Leaflet - interest rates and summary of terms for all of our personal savings products Download details of identification required
Financial Services Compensation Scheme (FSCS) Information Sheet fscs20x20
Identification details - documents required when opening an account Download details of identification required
Customer Information - outlines procedures for opening and using our savings accounts Download the Customer Information document
General Investment Terms & Conditions - applies to all savings accounts with the Society Download the Investment Terms and Conditions
Standing Order Form - to make regular payments from your bank to your Society account, please print this form, fill in the details and post it to your bank. If you are not using this form, our bank details are:

Account number: 00004000 Sort Code: 23-44-48 Roll No/Ref No: IMPORTANT - please quote your 9 digit Society account number
Download the Investment Terms and Conditions

*Gross - The amount paid with no income tax deducted

**AER (Annual Equivalent Rate) - A notional rate which illustrates what the gross rate would be if the interest was paid and compounded once per year

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