Issue 3
An easy to use limited access account
Interest Rate AER / Gross - Variable : 4.05%
Minimum - Maximum Balance : £1 to £500,000
Open and manage your account : Online, in Branch or Agency
You must be:
- At least 16 years old.
- A UK resident (excluding Northern Ireland).
May be suitable for you if:
You would like instant access to your savings up to 3 times within a 12 month period (1st April – 31st March).
You would like to make additional deposits.
You don’t mind a variable interest rate on your savings.
You would like to open and manage this account online and in person from Monmouthshire Building Society Branches.
Not Suitable for you if:
You would like unlimited penalty – free withdrawals.
You would like a fixed rate of interest on your savings.
You would like to open this account over the phone or by post.
Additional Information :
- If you make more than 3 withdrawals within a 12 month period (from April 1st to March 31st) there will be a penalty of 25 days’ loss of interest on the amount withdrawn.
- If you choose to close your Limited Access Saver after you have used your 3 penalty free withdrawals, this will also incur the 25 day loss of interest charge.
- Closure of your Limited Access Saver account is allowed at any time without notice. Once closed, this account cannot be reinstated.
Click below to expand the Limited Access Saver Summary Box and Terms and Conditions.
| What is the interest rate? |
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| Can Monmouthshire Building Society change the interest rate? |
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| What would the estimated balance after 12 months based on £1,000 deposit? |
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| How do I open and manage my account? |
Who can open
How to open
Minimum
Maximum
How to manage
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| Can I withdraw money? |
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| Additional Information |
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It is important that you read the following before deciding to open an account:
Limited Access Saver Terms and Conditions
Limited Access Saver Summary Box
Other Important Information:
General Terms and Conditions for Savings Accounts
Important Information About Your Personal Data
My Accounts Terms and Conditions
Savings terms:
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.
Gross is the rate of interest payable before any tax is taken off.
Fixed interest means the rate stays the same until the account matures.
Variable interest means the rate can go up or down at any time. We will always publish our rate changes and give you with at least 30 days notice if the rate on one of your accounts is due to go down.
Tax-free means you will not pay any tax on your interest.
Tax year runs from 6 April to 5 April.
Business day is Monday to Friday excluding bank holidays.
The information provided in the summary box is a summary of the key features of the Limited Access Saver and is not intended to be a substitute for reading the terms and conditions above that apply to the account.
If you have read and understood all the information provided, and you would like to apply for an Limited Access Saver, simply click below.
Alternatively, you can visit one of our branches or agencies in person.
