Society Rewards Savers with Competitive Fixed Rate Cash ISA

17 May 2017

Bonds

In response to demand from customers who are finding it increasingly difficult to find suitable savings accounts in the current low-interest rate environment, the Society is pleased to announce the launch of its new competitive Fixed Rate Cash ISA (Issue 1).

The new account has a generous interest rate of 1.05% AER/Tax-free which is fixed from account opening until 30 November, 2018.

This account is available to new and existing customers who are able to subscribe to one Cash ISA with the Society in the current tax year. Transfers-in are not permitted unless the transfer-in is from an existing Monmouthshire Building Society Cash ISA account and must be made by 31 July, 2017.

As this is a limited issue, savers cannot add subscriptions to this Fixed Rate ISA after 31 July, 2017.

No withdrawals are allowed during the fixed rate period. Closure is allowed subject to 90 days loss of interest.

Key Features:

  • The minimum investment is £3,000 up to current ISA limits (£20,000)
  • Interest paid annually on March 31 and on maturity of the fixed rate term.
  • Available to eligible customers over 16
  • This account can be opened by new customers who live within the following postcode areas: NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA. Existing Society customers may open the account.
  • No withdrawals are allowed during the fixed rate period.
  • Closure is allowed subject to 90 days loss of interest.
Laura Harvey, Monmouthshire Building Society’s Marketing Manager, commented: “As a member owned business, we take feedback from our customers very seriously and understand their frustration with the levels of interest on ISA accounts in the current marketplace. This fixed rate account was devised with our members in mind in the hope that we can reward their loyalty and hopefully welcome some new savers on board to enjoy the benefits of saving with a trusted regional building society too.”

Click here for more information.

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