Bond Maturity Reward Account - Issue 1 - Terms & Conditions (closed account)

Specific Terms and Conditions of the Bond Maturity Reward Account (Issue 1 - August 2010)

1 - Investment Criteria

This account can only be opened with part or all of the proceeds of a maturing Monmouthshire Building Society bond.

2 - Investment Limits

The minimum investment is £2,500 or £5,000 if you require your interest to be paid monthly. The maximum investment is £500,000.

3 - Further Investment

Once you have opened your account it is not possible for you to add any further funds.

4 - Withdrawals

Withdrawals are subject to 7 days notice. Closure of the account is permitted subject to 7 days notice. No earlier access is allowed.  If a withdrawal reduces the balance to less than the minimum balance per account of £2,500, you will have 30 days from the date we issue you with a notice to bring the balance up to the minimum.  If after the notice period has lapsed the balance remains below the minimum, we may close your account without further notice.

5 - Interest

Interest is variable and calculated on a daily basis on the balance in the account.  Annual interest is paid on 31 March each year. Monthly interest will be paid at the end of each month and can be added to the account or transferred to another suitable bank / building society account (or suitable Monmouthshire Building Society account).  

6 - Terms and Conditions

These Specific Terms and Conditions apply to this account in addition to our General Terms and Conditions for Savings Accounts. Where there is any inconsistency between the General Terms and Conditions for Savings Accounts and the Specific Terms and Conditions, the Specific Terms and Conditions will apply


Privacy & Cookies

We use cookies on this website to help make your experience of this website better. In compliance with changes to EU cookie legislation, and to control and remove cookies, please view our Privacy & Cookie policy. Please note, by continuing on this site you are agreeing for cookies to be placed on your computer.

I accept

This notice should only appear the first time you visit the site.