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Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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Maturity 1 Year Fixed Rate Bond

Issue 25


Interest Rate AER / Gross - Fixed : 4.02%

Minimum - Maximum Balance : £1,000 to £2,000,000

Open your account : Via your maturity instructions

Manage your account : Online, in Branch or Agency


You must be a Monmouthshire Building Society customer with a maturing Fixed Rate Bond to open this account.


May be suitable for you if: 

Green Check Mark PNGs for Free Download You would like to invest a lump sum for 1 year.

Green Check Mark PNGs for Free Download You do not need access to your money for 1 year.

Green Check Mark PNGs for Free Download You have at least £1,000 available to open the account.

Green Check Mark PNGs for Free Download You would like to make additional deposits within the first 30 days of opening your account.

Green Check Mark PNGs for Free Download You would like to open and manage this account online and/or in person from Monmouthshire Building Society Branches.

Not suitable for you if:

 File:Cross red circle.svg - Wikimedia Commons You want to access your money during the fixed term.

 File:Cross red circle.svg - Wikimedia Commons You want to open this account over the phone or by post.

Additional Information :

  • You are unable to cancel this bond once it is opened.
  • Additional funds can be added whilst the product is on sale.
  • Accounts can be held in sole or joint names.

Click below to expand the Maturity 1 Year Fixed Rate Bond Summary Box and Terms and Conditions.

What is the interest rate?
  • 4.02% AER/ Gross
  • The interest rate is fixed for 1 year.
  • Interest is calculated daily and paid at the end of the fixed term.
Can Monmouthshire Building Society change the interest rate?
  • No, the interest rate is fixed so we can’t change it during the term.
What would the estimated balance after 12 months based on £1,000 deposit?
  • £1,040.20
  • Based on £1,000 being paid into the account, and there is no other money into the account over 12 months.
How do I open and manage my account?

Who can open

  • You must be a Monmouthshire Building Society customer with a maturing Fixed Rate Bond to open this account.

Ways to open

  • You can open this account to transfer funds from a maturing Monmouthshire Building Society Fixed Rate Bond by following the instructions received with your maturity letter.

Minimum

  • The minimum balance is £1,000

Maximum

  • The maximum that a member can invest with Monmouthshire Building Society is £2,000,000, this could be just in this account or split across other accounts you hold with the Society.

How to manage

  • Online (my accounts), in branch or agency.
  • You can pay money into your account within the first 30 days of opening your account up to the maximum balance.
Can I withdraw money?
  • No, you can’t take money out or cancel a Fixed Rate Bond, so you won’t be able to access your money until the end of the term.
  • We’ll contact you before the end of the fixed term to let you know what your next steps are.
  • If we don’t hear from you or we can’t action your request, we’ll transfer the balance to one of our
    instant access accounts.
Additional Information*
  • The gross rate means before tax.
  • You only pay tax on savings above your Personal Savings Allowance.
  • Visit www.hmrc.gov.uk for more information.
  • AER is the Annual Equivalent Rate and shows what the rate would be if interest was paid and added on each year.
  • Rates and information correct from the
    06 April 2025.

 

It is important that you read the following before deciding to open an account:

Maturity Fixed Rate Bond Terms and Conditions

Maturity 1 Year Fixed Rate Bond Summary Box

Other Important Information:

FSCS Information Sheet

General Terms and Conditions for Savings Accounts

Savings Service Tariff

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 Maturity 1 Year Fixed Rate Bond and is not intended to be a substitute for reading the terms and conditions above that apply to the account.


 

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