|What is the interest rate?||
|Can Monmouthshire Building Society change the interest rate?||
|What would the estimated balance be after 12 months based on a £1,000, £5,000 and £25,000 deposit?||
|How do I open and manage my account?||
|Can I withdraw money?||
|Additional Product Information||
Terms and Conditions:
It is important that you read the following before deciding to open an account:
Product Terms and Conditions - Escalator Instant (Issue 3)
1 - Account Opening
To open this account, you must be a UK resident (excluding Northern Ireland) aged 16 and above.
The account is limited to one account per customer and can be held on your own or jointly with someone else.
2 - Investment Limits
The minimum amount required to open this account is £100.
The maximum balance is £500,000 for a sole account (£1,000,000 for joint accounts).
3 - Further Investment
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.
4 - Withdrawals
You do not have to give notice to make a withdrawal or close your account.
Withdrawals can be made by cash, cheque and electronic transfer, subject to our withdrawal limits. Details of our withdrawal limits are available at our branches, agencies and on our website www.monbs.com.
You can also make withdrawals by using the ‘My Accounts’ system at www.monbs.com. Online withdrawals using the ‘My Accounts’ system are subject to further terms and conditions.
If you make a withdrawal which results in the remaining balance falling into a lower tier of interest, you will receive the interest rate applicable to that lower tier from the date of the withdrawal.
The interest rate applied to the account varies according to the balance held. One interest rate is applied to the whole of the balance of the account.
Interest is variable and calculated on a daily basis on the balance in the account.
Interest is paid following the close of business on March 31st each year.
Interest can be added to the account or paid into another bank/building society account, or a suitable Monmouthshire Building Society account.
6 - Terms and Conditions
These 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 Product Terms and Conditions, the Product Terms and Conditions will apply.