A relay includes a permanent magnet and a magnetic circuit. The permanent magnet is disposed between a pair of electromagnets. The pair of the electromagnets is formed by winding coils around body portions of spools. Each spool has flanges integrally formed on both upper and lower end portions thereof. The magnetic circuit is formed by a yoke spanning the spools and the permanent magnet. The permanent magnet is held by the upper and lower flanges of a pair of the spools that are juxtaposed.