For savers looking for a short-term savings investment, the Society now offers a six-month fixed-rate bond with a rate of 0.95% AER/Gross annual interest from the day of opening the account. The minimum investment to open the account is £1000.00 with a maximum investment of £500,000 for the six months.
The Society has also catered for savers looking for a longer-term investment, with one-year and two-year bonds available. The one-year fixed-rate bond has a rate of 1.15% AER/Gross annual interest, with a minimum deposit of £5000.00 and a maximum deposit of £500,000.
The Society’s two-year fixed-rate bond carries a rate of 1.70% AER/Gross annual interest, and requires a minimum deposit of £5000.00 with a maximum deposit of £500,000.
All three bonds can be opened in any of the Society’s Branches or Agencies, or by post. For full product details, visit www.monbs.com.
Dan Goulding, Product Development Manager at Monmouthshire Building Society, commented: “We are excited to launch this trio of cash saving bonds, which offer competitive interest rates and a choice of saving periods. I am sure they will appeal to savers seeking an attractive return on a cash lump sum over the next 6 to 24 months.”