30 Day Notice Account

• 2.60% AER / 2.60% Gross - Annual Interest
• 2.60% AER / 2.57% Gross - Monthly Interest
• You can choose to have your interest paid annually or monthly.
• Interest is variable and calculated on a daily basis on the balance in the account.
• Annual interest is paid following close of business on March 31st each year.
• Monthly interest is paid following the close of business on the last working day of each calendar month and cannot be added to the account.
• If the account falls below the minimum balance of £1,000, you will receive an interest rate of 0.00% AER/Gross, until the account is returned to the minimum balance.

• Yes - the interest rate is variable, which means the interest rate can go up or down.
• In line with our General Terms & Conditions for Savings Accounts (6.9-6.11) we may change the interest rate at any time if we reasonably believe the change is needed.
• If we increase the interest rate, we will display this information in our branch/agency offices and on our website.
• If we decrease the interest rate we will notify you by sending you a letter, email or other personal notice 30 days in advance of the change.

What would the estimated balance be after 12 months based on a £1,000 deposit?

• £1,026.00.
• We have worked this out assuming a £1,000 deposit is made, no further deposits or withdrawals are made during a 12 month period, the interest rate stays the same and is paid into the account.
• This projection is for illustrative purposes based on the annual interest option being selected and will depend on the individual circumstances of each customer.

• You can open this account at any branch or agency.
• You must be a UK resident (excluding Northern Ireland) aged 16 and over.
• The minimum amount required to open this account is £1,000.
• Additional deposits can be made as often as you like up to the maximum balance.
• Deposits can be made by cash (at a branch or agency), cheque, bank transfer or standing order.
• The maximum account balance is £500,000 for a sole account (£1,000,000 for joint accounts).
• You can manage your account at any branch or agency, by post or online (if registered with our ‘My Accounts’ service).

• Yes, withdrawals and closure of the account require 30 days’ notice, which can be provided via branch/agency, telephone, post or online (by using ‘My Accounts’).
• Withdrawals or closure without 30 days’ notice will be allowed, subject to 30 days’ loss of interest on the amount withdrawn.
• Withdrawals can be made by cash, cheque and electronic transfer.
• If a withdrawal reduces the account balance to less than £1,000, you will receive an interest rate of 0.00% AER/Gross, from the date of the withdrawal until the account is returned to the minimum balance.

• AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
• The gross rate is the rate of interest payable before the deduction of tax.
• You will only need to pay tax on any savings income you earn above your Personal Savings Allowance. The Personal Savings Allowance applies to the total savings income you earn from all banks/building societies and not just from Monmouthshire Building Society. Visit HMRC website at www.hmrc.gov.uk for more information.
• The tax treatment depends on your individual circumstances and may change in the future.
• Interest rate effective from 12th January 2023.