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15 Aug 2018

Society continues to support savers with a new ISA range

Monmouthshire Building Society (MBS) continues to support savers with the launch of a new exciting ISA range. The new range demonstrates the Society’s commitment to providing both existing and new members with something for everyone.

The range has seven ISAs, ranging from a Three Year Fixed Rate Cash ISA to a Junior ISA. The Three Year Fixed Rate Cash ISA offers a great rate of 1.91% AER/Tax-Free*. A minimum investment of £3,000 is required, and up to a maximum investment of £20,000 for this tax year. This ISA, along with all MBS ISA’s allow transfers in from other ISA providers, subject to a maximum account balance of £500,000. No withdrawals are allowed. Full closure and transfers to another ISA provider is permitted at any time, subject to 90 days’ loss of interest, calculated on the closing balance.


The 18 Month Fixed Rate Cash ISA offers another great rate of 1.61% AER/Tax-Free*. A minimum investment of £3,000 is required, and up to a maximum investment of £20,000 for this tax year. No withdrawals are allowed. Full closure and transfers to another ISA provider is permitted at any time, subject to 90 days’ loss of interest, calculated on the closing balance.


The Society recently launched a number of tracker products, including a 60 Day Notice Smart Tracker Cash ISA paying a variable rate of 1.30% AER/Tax-Free*. The account tracks above the Bank of England Bank Rate (currently 0.75%), plus a fixed margin of 0.55%. A minimum investment of £3,000 is required, and up to a maximum investment of £20,000 for this tax year. Withdrawals are subject to 60 days’ written notice without loss of interest, or on demand subject to 60 days’ loss of interest on the amount withdrawn.

Product Development Manager, Dan Goulding, said: “It is so important for the Society to continue to create new products which are needed by our members. We also hope the new products will encourage new members to join the Society, and be part of the mutual family.”