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Who are Sheffield Mutual?
We're Sheffield Mutual - if you’ve never heard of a mutual, let us take a minute to explain who we are and what we do!
We're run purely for the benefit of our customers (known as members), whilst providing a friendly alternative to banks and building societies.
Our product range covers tax-free savings, regular and lump sum investments, children's savings products and life insurance! Find out more below!
How can we help?
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Tax Exempt Savings Plan
Our Tax Exempt Savings Plan (TESP) with guarantees allows you to save tax-free in addition to or separately with your ISA allowance
- Save between 10 and 25 years
- Plans start from just £5 a month
- Available for adults and children
Learn moreRegular Savings Plan
Want to save a little extra? Our Regular Savings Plan gives you the ability to save over your Tax Exempt Savings Plan allowance
- Save between 10 and 25 years
- Potential bonuses
- Better potential return than a cash savings account
Learn moreRegular Premium Investment ISA
Boost your financial goals, whatever they may be; with our flexible and simple Investment ISA
- Save from just £30 a month
- Access to your money if you need it
- Potential for tax-free investment growth through bonuses
Learn more -
Single Premium Investment ISA
Enjoy potential growth on your savings with annual and final bonuses. The best bit? It's tax-free.
- Invest a lump sum from just £300
- 2025/26 interim bonus rate is 5.75% before charges
- Save £20,000 this tax year
Learn moreIncome Bond
Want to see potential growth on your investment whilst taking an income? Our Income Bond could be the perfect plan for you
- Invest a lump sum of up to £150,000
- Option to take an income of 1-5%
- Potential for investment growth through bonuses
Learn moreInvestment Bond
Make your money work harder for you with our medium to long-term Investment Bond
- Invest from £1,000 to £150,000
- Guaranteed minimum return of your original investment plus 5% after five years
- Potential for growth through annual and final bonuses
Learn moreThree Year Fixed Bond
Our Three Year Fixed Bond allows you to lock your money away for three years and benefit from a fixed rate of return you can count on.
- Open with a single lump sum payment - choose an amount that works for you, from £1,000 - £200,000
- Your interest rate of 4.1% is fixed for the full term
- Ideal for those who prefer certainty and want to plan ahead without the worry of fluctuating rates
Learn more -
Investment Junior ISA
Give your child a financial head start in life with our Junior ISA and watch the tax-free savings grow
- Save from as little as £10 a month
- Top-ups can be made by anyone
- 2025/26 interim bonus rate is 6.00%
Learn moreChildren's Tax Exempt Savings Plan
It's never too early to start saving for a child you care about, our Tax Exempt Savings Plan provides an additional tax-free allowance in addition to their Junior ISA
- Anyone can open a plan
- Choose a plan between 10 and 25 years
- Save from £5 a month
Learn moreChildren's Regular Savings Plan
Want to save a little extra for a child's future? Our Regular Savings Plan gives you the ability to save over your tax exempt savings plan allowance
- Save for the longer-term
- Perfect way to save for something special
- Guaranteed final amount on maturity plus possible bonuses
Learn moreChild Trust Fund
Originally set up by the government, a Child Trust Fund (CTF) is a long-term tax-free savings account for children. You can no longer apply for a new Child Trust Fund because the scheme is now closed.
- Transfer an existing CTF to us
- Find out if your child could already have a CTF
- Junior ISA alternative available
Learn more -
Whole of Life Plan
This 'whole of life' plan is a simple and affordable way of providing a legacy for a loved one with the option to nominate a beneficiary
- A guaranteed fixed amount of up to £50,000 on death
- Affordable premiums from just £5 per month
- Help towards funeral expenses
Learn moreTax Exempt Savings Plan with Life Insurance
Tax-free savings with the added benefit of life insurance for you and your loved ones
- Protection for you and your family
- Guaranteed amount on maturity or death
- Plan only available through friendly societies
Learn more -
Regular Premium Sustainable ISA
Savings with a sustainable focus in mind
- Save from just £10 a month
- Save up to £20,000 in the current tax year
- Stop, start, top up or vary your payments at any time
Learn moreSingle Premium Sustainable ISA
Savings that work hard for you and the planet
- Invest from just £100
- Access to your money if you need it (subject to a £500 minimum withdrawal)
- Invest for your future with our unit-linked sustainable fund
Learn more
Free £25 GIFT CARD after your new policy starts...
Simply apply online quoting the promotional code: CA25 to receive a £25 gift card after your policy starts. Terms and conditions apply
Gift card promotion T&Cs