Our building society fixed bonds give you the certainty of a guaranteed return for a set period. With Monmouthshire Building Society, you can choose from 1-year to 5-year fixed rate bonds, earning a rate of interest that won’t change for the full term. These fixed term savings bonds are ideal for savers who want to put away a lump sum and know exactly what they’ll earn, backed by FSCS protection up to the applicable limits.
*Excluding Northern Ireland
| Account Name | Interest Rate (AER/Gross) | Ways to open |
| 1 Year Fixed Rate Bond | 3.75% | Online Branch or Agency |
| 2 Year Fixed Rate Bond | 3.65% | Online Branch or Agency |
Withdrawals are not permitted on the above products until maturity.
Further details and T&Cs of each of our bonds can be found on the individual account pages.
The interest rate on tracker accounts tracks the Bank of England Bank Rate - if the Bank Rate rises or falls, so will the interest rate on our tracker accounts.
With tracker bonds, you deposit a lump sum when you open the account and cannot make any more deposits.
Looking for the rate on a closed savings account?
Simply click on the links below to view:
Withdrawn Fixed Rate Accounts
Withdrawn Variable Rate Accounts
View our other savings products
Savings bonds are accounts where you lock away a lump sum for a set period in exchange for a guaranteed return. At Monmouthshire Building Society, our savings bonds includes one-year through five-year options, with interest rates fixed for the full term.
Fixed rate bonds are a type of savings bond where the interest rate is guaranteed from the day you open the account until the bond matures.
With a fixed term savings bond, you make a one-off deposit at the start and leave the money in place until the term ends. During that time, your interest rate won’t change, giving you certainty about your returns.
No. Withdrawals are not permitted on our fixed rate bonds until the end of the agreed term. These accounts are best suited to savers who can commit their money for the full period.
When your building society fixed bond reaches maturity, we’ll contact you in advance with your options. You can move into another bond, transfer the money to another MonBS savings account, or withdraw it to your nominated bank account.
Yes. All MonBS fixed bonds are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, or £240,000 for joint accounts. This gives our building society savers peace of mind that their money is protected.
Our fixed rate bonds can be opened online, on our app, in-branch, or through an agency. Minimum and maximum deposit levels are shown on each product page, but you’ll usually need to invest a lump sum to open a bond.
Yes, interest on savings bonds in the UK are taxable. Most savers won’t pay tax if they stay within their Personal Savings Allowance - up to £1,000 of interest tax-free for basic-rate taxpayers, or £500 for higher-rate taxpayers. Interest on bonds is always paid gross.
You can find out more about paying tax on interest from savings on the government website: https://www.gov.uk/apply-tax-free-interest-on-savings.
Think about how long you can commit your money for. If you may need the money before the term ends, a different type of savings account may be better.
