Society Launches New Cash ISA 5

3 March 2014

Today’s low interest rate environment means that it is more important than ever to look into the most efficient ways to save your money, and one of those ways is to save using a tax-free Cash Individual Savings Account (ISA).

This March, the Society launches its latest Cash ISA product (Cash ISA 5), offering our customers a competitive interest rate of 1.75% AER / Tax-Free (for Annual Interest) and 1.71% AER / 1.70% Tax-Free (for Monthly Interest).

Key Features:

  • The minimum investment is £10 for annual interest and £5,000 for monthly interest.
  • Annual interest is paid on 31st March each year or following the close of business on the last working day of each calendar month for monthly interest.
  • You can withdraw from your account provided you give 30 days written notice without loss of interest, or on demand subject to a penalty equal to 30 days loss of interest on the amount withdrawn.
  • Transfers in are not permitted unless the transfer is from an existing Monmouthshire Building Society Cash ISA account.
  • Current tax year subscriptions available to eligible customers over 16 who live in the following postcodes: NP, CF, SA, LD, HR, WR, BS, GL or existing members of the Society.

To find out more or to apply to open a Cash ISA 5 account online, click here.

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