Saver Plus Account Issue 3 - Monmouthshire Building Society

Saver Plus Account Issue 3

Monmouthshire Building Society
1.05 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 20 min monthly deposit
£ 1,000 max monthly deposit
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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: £ 20
Minimum Monthly Deposit: £ 20
Minimum Additional Deposit: £ 0
Maximum Monthly Deposit: £ 1,000
What happens if you miss a payment: If payments are missed throughout the year no bonus is payable.
Date account was introduced: 01 Jul 2015
Date of last rate changed: 01 Jul 2015
Maximum rate change: -0.1 %

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£201.05%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: One withdrawal is permitted per year (ending 31 March) without affecting the bonus. If any further withdrawals are made in the year the bonus will be lost. If more than 3 withdrawals are made in the year the account will be closed. No penalty for closure.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: No notice, penalty or charge on withdrawals.
Free Withdrawal Conditions: One withdrawal is permitted per year (ending 31 March) without affecting the bonus. If any further withdrawals are made in the year the bonus will be lost.

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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