Christmas Saver Account Issue 2 - Monmouthshire Building Society

Christmas Saver Account Issue 2

Monmouthshire Building Society
1.05 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 1 min monthly deposit
£ 1,000 max monthly deposit
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 1.05 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1
Minimum Monthly Deposit: £ 1
Minimum Additional Deposit: £ 1
Maximum Monthly Deposit: £ 1,000
What happens if you miss a payment: If the required payments are missed throughout the year no bonus is payable.
Date account was introduced: 05 Nov 2007
Date of last rate changed: 05 Nov 2007
Maximum rate change: -0.1 %

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£11.05%1.05%1.05%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: Any number of withdrawals can be made without giving notice during November, December and January each year, subject to the limits of the branch or agency used. A withdrawal at any other time of year must be to close the account and no bonus will be payable for that year ending 31st October. A minimum balance of £1 must be maintained, otherwise account will be closed.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: No notice, penalty or charge on withdrawals. Unlimited withdrawals permitted during November, December and January each year. Withdrawals at any other time of the year will result in account closure.
Free Withdrawal Conditions: Withdrawals are only permitted during November, December and January each year.

Conditions

Area Restrictions: New customers who wish to open this account must be from postcode areas: NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA No area restrictions for existing customers.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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