70 Day Notice Account

70 Day Notice

Issue 1

Interest Rate AER / Gross - Variable : 3.95%

Minimum - Maximum Balance : £1,000 to £2,000,000

Open and manage your account : Online, in Branch or Agency

You must be:

At least 16 years old.
A UK resident (excluding Northern Ireland).

May be suitable for you if:

You would like the ability to have access to your funds, subject to 70 days notice.

You would like to make additional deposits to your savings.

You would like to open and manage this account online and/or in person from Monmouthshire Building Society Branches.

Not suitable for you if:

You would like a fixed rate of interest on your savings.

You want to open this account over the phone or by post.

Additional Information:

Withdrawals or closure without 70 days’ notice will be allowed, subject to 70 days’ loss of interest on the amount you withdraw or the total balance if you choose to close the account.

Click below to expand the 70 Day Notice Account Summary Box and Terms and Conditions.

What is the interest rate?	3.95% AER/Gross The interest rate is variable, which means the rate can go up or down. Interest is calculated daily and paid once a year after 31 March.
Can Monmouthshire Building Society change the interest rate?	Yes, the interest rate is variable. We can change the rate at any time if we feel it’s needed, this is in line with our General Terms and Conditions for Savings Accounts. If we put the rate up, this is shown on our website, and information will be available in our branches and agencies. If we put the rate down, we’ll let you know as soon as we can - with at least 14 days' notice.
What would the estimated balance after 12 months based on a £1,000 and a £15,000 deposit?	£1,039.50 Based on £1,000 being paid into the account, the interest rate doesn’t change and there is no other money into or out of the account over 12 months.
How do I open and manage my account?	Who can open You must be aged 16 or over. You must be a UK resident (excluding Northern Ireland). How to open Online Branch or agency Minimum The minimum balance is £1,000 and your account needs to stay above this amount. Maximum The maximum that a member can invest with Monmouthshire Building Society across all accounts is £2,000,000. How to manage Online (my accounts), in branch or agency. You can pay money into your account whenever you want, up to the maximum balance.
Can I withdraw money?	Yes, you must give 70 days’ notice to withdraw or close your account. Notice can be given via branch/agency, telephone, post or using ‘My Accounts’. Withdrawals or closure without 70 days’ notice will be allowed, subject to 70 days’ loss of interest on the amount you withdraw or the total balance if you choose to close the account. If a withdrawal takes the 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 minimum balance has been returned.
Additional Information	The gross rate means before tax. You only pay tax on savings above your Personal Savings Allowance. Visit www.hmrc.gov.uk for more information. AER is the Annual Equivalent Rate and shows what the rate would be if interest was paid and added on each year. Rates and information correct from the 4 July 2025.

It is important that you read the following before deciding to open an account:

Notice Account Terms and Conditions

70 Day Notice Account Summary Box

Other Important Information:

FSCS Information Sheet

General Terms and Conditions for Savings Accounts

Savings Service Tariff

Important Information About Your Personal Data

My Accounts Terms and Conditions

The information provided in the summary box is a summary of the key features of the 70 Day Notice Account and is not intended to be a substitute for reading the terms and conditions above that apply to the account.

Next Steps

If you have read and understood all the information provided, and you would like to apply for a 70 Day Notice Account simply click below.

Alternatively, you can visit one of our branches or agencies in person.

Apply Online

FSCS Protected

Monmouthshire Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206052. FCA register address www.fca.org.uk/register/. We are members of the Financial Services Compensation Scheme. We are members of the Building Societies Association and Council of Mortgage Lenders. Details of our Customer Satisfaction and Complaints procedures are available and complaints that we cannot resolve may be referred to the Financial Ombudsman Service (http://www.financial-ombudsman.org.uk/). By accessing any part of this website, you shall be deemed to have accepted our Website Terms of Use.

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