Saver Plus
Saver Plus
With SAVER PLUS you can save from as little as £20 each month and could soon enjoy a sense of independence to do the things you want. Treat yourself to something special – perhaps an exotic holiday abroad, wedding celebrations, or simply save for a rainy day! Save regularly and you will earn a preferential rate of interest, plus a generous bonus.
You can apply to open this account online, by post, or at any of our branch and agency offices.
Summary Box - Key Product Information
| Account Name | Saver Plus - Issue 2 |
| Interest rates (AERs) | • The interest rate is variable – please click here to view the current interest rate |
| Tax Status | • Interest will be paid or credited after deduction of income tax at the appropriate rate, or gross subject to the required certification |
| Conditions for bonus payment | • A 1% fixed annual bonus is payable if no more than one withdrawal is made per year (ending 31 March) and all of the required monthly subscriptions are made |
| Withdrawal arrangements | • Up to three withdrawals are allowed during each year (ending 31 March), but more than three withdrawals will result in closure of the account |
| Access | • You can manage your account in branch, by post or online (if registered with our ‘My Accounts’ service) |
Additional Product Information
• Save a fixed amount each month between £20 and £1,000
• Investments made by direct debit only
• You can change your monthly subscription at any time by providing written notice of the new amount
• No additional payments can be made each month
• If you miss more than three monthly payments each year (ending 31 March) the account will be closed
INTEREST AND BONUS
Interest on the balance will be calculated on a daily basis and can be credited to the account, transferred to another Monmouthshire Building Society account or paid into a bank account annually following the close of business on the 31 March. The interest rate is variable, but the bonus is fixed at 1% gross/AER per annum. For details of our current rate, please click here.
INVESTMENT AND WITHDRAWAL
Adding to the account is easy because monthly payments are requested automatically by direct debit on, or shortly after the date of your choice up to the 24th of each month. Simply choose a fixed amount to save between £20 and £1,000.
You can change your monthly subscription at any time by giving us written notice of the new amount. It is not possible to make any additional payments but you will get peace of mind knowing that you will not miss a payment. If you miss any payments you will forfeit the bonus.
This account is designed to give you a higher return if you leave your capital invested. You will earn a generous bonus at the year end (31 March) if you make all monthly payments and as long as you make no more than one withdrawal.
If necessary, you can make more than one withdrawal without giving any notice, but you will forfeit the bonus. Up to three withdrawals are allowed during the year ending 31st March. More than three withdrawals or more than three missed monthly payments in each year (ending 31st March) will result in closure of the account.
It is important that you read the 'General Terms and Conditions for Savings Accounts' before deciding to open an account.
>> Saver Plus Issue 2 Terms and Conditions
>> General Terms and Conditions for Savings Accounts
>> Branch and Agency Withdrawal Limits
