Our personal savings accounts are designed to give you choice and control. Whether you’re looking for flexible savings accounts with easy access or regular saving accounts that reward you for saving regularly, Monmouthshire Building Society has options to suit different goals.
We also offer competitive interest savings products, giving savers the chance to grow their money faster.
| Account Name | Interest - Variable (AER/Gross) |
Ways to Open |
| Instant Saver | 2.45% - 2.70% | Online Branch or Agency, or via the App |
| Regular Saver | 6.00% | Branch or Agency, or via the App |
| Account Name | Interest - Variable (AER/Gross) |
Ways to Open |
| Two Access Premium Saver | 3.97% | Branch or Agency, or via the App |
| Limited Access Saver | 3.05% | Online Branch or Agency, or via the App |
| One Access Bonus Account | 3.95% | Online Branch or Agency, or via the App |
| Account Name | Interest - Variable (AER/Gross) |
Ways to Open |
| 35 Day Notice Account | 3.35% | Online Branch or Agency, or via the App |
| 70 Day Notice Account | 3.70% | Online Branch or Agency, or via the App |
Looking for the rate on a closed savings account?
Simply click on the links below to view:
Withdrawn Variable Rate Accounts
Unsure on how to pay money into your account?
Visit our FAQ's page for help on some commonly asked questions.
View our other savings products
A personal savings account is a simple way to put money aside and earn interest. At Monmouthshire Building Society, we offer a choice of personal savings accounts including flexible savings accounts such as our Instant Access Saver, limited access saver accounts for higher rates when you don’t need daily access, bonus savings accounts that reward regular deposits, and regular saver accounts for customers. We also provide notice accounts, fixed-term bonds, tax-free cash ISAs, and children’s accounts.
All of our savings accounts, including bonus savings accounts and building society regular saver accounts, are protected by the Financial Services Compensation Scheme (FSCS). This covers up to £120,000 per person, per bank or building society. So your savings are protected up to that limit.
No. Personal savings accounts are designed for individual savers only. Businesses will need a separate business savings account that’s set up for company money.
You can hold more than one type of personal savings account at MonBS. Many customers use a mix, such as an instant access saver for emergencies, a limited access saver for planned spending, or a building society regular saver account to build long-term funds. Some products are limited to one per person, such as our Regular Saver.
Most accounts calculate interest daily and pay it monthly or annually. At MonBS, interest is shown as AER (Annual Equivalent Rate) which describes what the interest rate would be if interest was paid and compounded once each year, so you can compare accounts fairly. Different accounts - such as bonus savings accounts or limited access savers - can offer competitive interest savings rates compared with instant access savers, depending on how you use them.
For most people, no. The Personal Savings Allowance lets basic-rate taxpayers earn up to £1,000 in interest tax-free each year, and higher-rate taxpayers up to £500. Interest earned in a cash ISA is always tax-free.
You can find out more about paying tax on interest from savings on the government website: https://www.gov.uk/apply-tax-free-interest-on-savings.
Yes. Parents and guardians can open children’s accounts, and adults can open joint accounts. Joint accounts are a common way for couples or family members to save together.
Yes. In a joint account, you are protected by the Financial Services Compensation Scheme (FSCS) up to £240,000 for joint accounts. This gives our building society savers peace of mind that their money is protected.
