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Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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01633 844 330
Affinity Instant
Our Affinity Instant account allows you to save whilst also financially benefiting an organisation you support – the Affinity Partner*. Each year, Monmouthshire Building Society will make a donation to the Affinity Partner, equivalent to 1% per annum of the daily balance held in your account. The more you save, the more your organisation will receive.

Our Affinity Partners

Dragons Rugby
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
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 £6.5 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, plus the Children's Air Ambulance of Wales which operates from Cardiff.
Sparkle Appeal
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
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?
  • 0.75% AER/Gross.
  • In addition to the interest paid to you, the organisation you support (Affinity Partner) will also receive the equivalent of 1.00% interest (fixed) of the balance on your account.
  • Interest is calculated on a daily basis and payable at the end of each year (31 March).
Can Monmouthshire Building Society change the interest rate? 
  • Yes - the interest rate is variable, which means the interest rate can go up or down.
  • The 1.00% donation to the affinity partner is fixed and will not vary.
  • 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.
  • In line with our General Terms & Conditions for Savings Accounts (6.9-6.11) we may change interest rates at any time if we reasonably believe the change is needed.
What would the estimated balance be after 12 months based on £1,000 deposit?
  • £1,007.50.
  • We have worked this out assuming a £1,000 deposit is made and no further deposits or withdrawals are made during a 12 month period, the interest rate stays the same and interest is paid into the account.
How do I open and manage my account?
  • You can open and manage your account at any branch or agency office, by post or online (if registered with our 'My Accounts' service).
  • The minimum amount required to open an account is £100 (£10 if under 18).
  • The maximum account balance is £500,000.
  • Additional deposits can be made as often as you like up to the maximum amount, whilst the product is on sale.
Can I withdraw money?
  • Withdrawals can be made without loss of interest.
  • Up to 150 withdrawals are allowed during the year (ending 31 March).
  • More than 150 withdrawals will result in closure of the account.
  • A minimum balance of £100 (£10 if under 18) must be maintained.
Additional Product Information 
  • You can add to your savings at any time by cash, cheque or standing order.
  • 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 contractual rate of interest payable before the deduction of tax.

*Please note that the Affinity Partners are offered through a pre existing agreement with the Society. Customers cannot nominate their own organisation to support.

 

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.

You can also make withdrawals by electronic transfer using the 'My Accounts' service. Online withdrawals using the 'My Accounts' system are subject to further terms and conditions.

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.

FSCS Scheme