Members Loyalty ISA Launched

18 August 2015


We’ve launched a Members Loyalty ISA (Two Year Stepped Fixed Rate ISA Bond - Issue 1) which is available to existing customers of Monmouthshire Building Society (who were members as at 30th April 2015) to celebrate another year of continued success.

The Members Loyalty ISA (Two Year Stepped Fixed Rate ISA Bond – Issue 1) offers a fixed rate of interest which increases each year over the two year term, offering an attractive way to invest money which you do not require access to for a period of two years.

  • Year one – 1.80% AER / Tax Free
  • Year two – 2.20% AER / Tax Free
The minimum investment for the Members Loyalty ISA (Two Year Stepped Fixed Rate ISA Bond - Issue 1) is £1,000, while the maximum annual subscription must not exceed the annual cash limit specified in the ISA regulations for the current tax year.

Once you have opened the Members Loyalty ISA (Two Year Stepped Fixed Rate ISA Bond - Issue 1), you may make further credits subject to the ISA regulations until 30th September 2015. No further subscriptions/transfers in will be accepted after 30th September 2015 for the 2015/16 tax year and/or subsequent tax years.

No Partial withdrawals or transfers to other Society accounts are permitted for two years from account opening. Closure of the Bond is permitted during the fixed rate period, subject to 180 days loss of interest.

Chief Executive, Andrew Lewis, commented: “I’m excited to mark another outstanding year of success for the Society with the launch of this competitive members-only product. The Members Loyalty ISA gives us an ideal opportunity to thank our members for their much-valued loyalty.”

Please click here for full details of the account, including full terms and conditions, or to apply online.

This account is only available to existing customers of Monmouthshire Building Society who were members as at 30th April 2015

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