Tracker Account
Premium Tracker
Our PREMIUM TRACKER account is designed for investors who are looking to invest £10,000 or more, and who require a high return along with easy access to their capital.
The interest rate payable tracks the Bank of England Base Rate and will change in line with the Bank of England Base Rate within 30 days.
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 | Premium Tracker |
| Interest rates (AERs) | • The interest rate payable will be the Bank of England Base Rate minus 0.5%, and will change in line with the Bank of England Base Rate within 30 days – please click here to view the current interest rates |
| 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 | • There is no bonus with this account |
| Withdrawal arrangements | • No notice required for withdrawals • No cash withdrawals are permitted. • The minimum withdrawal is £1,000 per transaction. Any transaction which would leave a balance of less than £10,000 must be to close the account • Withdrawals can be made over the counter by cheque, by internal transfer to another society account, or by electronic transfer using the ‘My Accounts’ service |
| Access | • You can open an account via post or in person at any of our branch or agency offices • You can manage your account in branch, by post or online (if registered with our ‘My Accounts’ service) |
Additional Product Information
• Minimum opening investment is £10,000
• Maximum investment balance is £500,000
• You can add to your savings at any time by cash, cheque or direct debit
INTEREST
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 following the close of business on the 31 March. The interest rate is variable. For details of the current rate, please click here.
INVESTMENT AND WITHDRAWAL
The minimum opening investment is £10,000. Accounts can be opened in sole or joint names. Once the account is opened further funds can be added by calling into any of our branch or agency offices with your passbook and deposit. If it is more convenient, you can post it or save through a standing order or direct debit from your bank account.
No cash withdrawals are permitted. The minimum withdrawal is £1,000 per transaction. Withdrawals can be made over the counter by cheque, or by transfer to another society account. Withdrawals can also be made by electronic transfer using the 'My Accounts' facility for which you will need to register, before you can make an online withdrawal. Any transaction which would leave a balance of less than £10,000 must be to close the account.
It is important that you read the 'General Terms and Conditions for Savings Accounts' before deciding to open an account.
>> Premium Tracker Terms and Conditions
>> General Terms and Conditions for Savings Accounts
>> Branch and Agency Withdrawal Limits
