Our Affinity Partners
|Founded in 2003, the Dragons are one of Welsh Rugby's four regions. The team is based at Rodney Parade, Newport, where the majority of home matches are staged. The Dragons boast an array of Welsh Internationals, including; Hallam Amos, Elliot Dee, Cory Hill, Leon Brown, Tyler Morgan and Ollie Griffiths. The region's academy provides a production line of talented youngsters, with many Dragons first teamers progressing from academy ranks to break into the senior lineup. Funds raised through the affinity account will support the academy, which will help produce Dragons stars of the future.|
|Wales Air Ambulance provides emergency air cover for those facing life-threatening illnesses or injuries, and attends an average of 2,000 incidents each year. With over £6 million needed to operate the service every year, they rely entirely on donations to fund their three helicopters based in the North, Mid and South Wales.|
|The Sparkle Appeal supports children and young people with a disability or developmental difficulty living in Newport, South Monmouthshire and South Torfaen and their families. Sparkle are based at the Serennu Children’s Centre in Newport, and provide integrated care through treatments, therapies, support and advice, and a wide range of family, leisure and social activities, such as family swimming sessions, after school clubs and independent living skills.|
|Newport County AFC is a professional football club based in Newport, (home of the Society’s headquarters), with home games taking place at Rodney Parade. The club was reformed in 1989, as a continuation of the Newport County club which was originally founded in 1912. After a 25 Year absence, the club returned to the Football League in 2013.|
Available in England and Wales.
Summary Box - Key Product Information:
|Account Name||Affinity Instant|
|What is the interest rate?||
|Can Monmouthshire Building Society change the interest rate?||
|What would the estimated balance be after 12 months based on £1,000 deposit?||
|How do I open and manage my account?||
|Can I withdraw money?||
|Additional Product Information||
*Please note that the Affinity Partners are offered through a pre existing agreement with the Society. Customers cannot nominate their own organisation to support.
Cash or Cheque
Standing Order/Electronic Payment
From 6th April 2016 personal savings account interest will be paid gross, which means that interest will be paid without tax being deducted. This will form part of your new Personal Savings Allowance:
You will only need to pay tax on any savings income you earn above your Personal Savings Allowance. The new 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 for more information.
Terms and Conditions:
It is important that you read the Specific Product Terms and Conditions and the General Terms and Conditions for Savings Accounts before deciding to open an account.
Affinity Instant - Specific Product Terms and Conditions
1 - Investment Limits
The minimum investment is £100 (or £10 if under 18). The maximum investment is £500,000.
2 - Further Investment
You may add to your savings at any time, just call into your local branch or agency with your passbook and deposit. If it is more convenient you can post the deposit or save through a standing order from your bank account.
3 - Withdrawals
As this is a savings account, you are only allowed up to 150 withdrawals during each year (ending 31 March). If you make more than 150 withdrawals we will give you two months’ written notice following which we will close the account.
If a withdrawal reduces the balance to less than the minimum balance per account of £100 (or £10 if the account holder is aged under 18), you will have 30 days from the date we issue you with a notice to bring the balance up to the minimum. If after the notice period has lapsed the balance remains below the minimum, we may close your account without further notice.
You can withdraw from your account without giving notice subject to the limits of the branch or agency you use. Details of our cash and cheque withdrawal limits can be found on our FAQ's page.
4 - Interest
Interest is variable and calculated on a daily basis on the balance in the account. Interest can be credited to the account or paid annually into a suitable bank/building society account or suitable Monmouthshire Building Society account following the close of business on 31 March each year.
5 - Affinity Partner
In addition to the interest paid to you, the Affinity Partner will also receive the equivalent of 1% (fixed) per annum of the balance on your account, calculated on a daily basis and payable at the end of each year (31 March) in arrears.
6 - Terms and Conditions
These Specific Product Terms and Conditions apply to this account in addition to our General Terms & Conditions for Savings Accounts. Where there is any inconsistency between the General Terms & Conditions for Savings Accounts and the Specific Product Terms and Conditions, the Specific Product Terms and Conditions will apply.