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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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App Exclusive Regular Saver

Issue 1


Interest Rate AER / Gross - Variable:  7.00%

Minimum Balance: £50

Minimum / Maximum Regular Deposit: £0 minimum - £1000 maximum per month.

Open and manage your account: Via the MonBS App

You must be:

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

May be suitable for you if: 

You would like to invest small and regular amounts over a 12-month fixed term.

You have between £50 and £1000 available to open the account.

You would like to open & manage your account via the MonBS app. 

Not suitable for you if:

 File:Cross red circle.svg - Wikimedia Commons  You would like to deposit a lump sum of more than £1000.

 File:Cross red circle.svg - Wikimedia Commons  You want to open this account over the phone, in branch or agency or by post.

Additional Information:

  • Accounts are limited to 1 per customer, for individuals only. There is no limitation to having this Regular Saver alongside other Regular Saver accounts.

Click below to expand the App Exclusive Regular Saver Summary Box and Terms and Conditions.

What is the interest rate?
  • 7.00% AER*/ Gross**
  • The interest rate is variable, which means the rate can go up or down.
  • Interest is calculated daily and paid at the end of the 12 month term.
Can Monmouthshire Building Society change the interest rate?
  • Yes, the interest rate is variable.
  • We can change the rate at any time, this is in line with our General Terms and Conditions for Savings Accounts.
  • If we increase the interest rate, this is shown on our website, and information will be available in our branches and agencies.
  • If we decrease the interest rate, we’ll let you know with at least 14 days notice ahead of the change.
What would the estimated balance be after 12 months based on a deposit of £1000 every month for 12 months?
  • £12,453.95
  • Based on £1000 being paid into the account each month for 12 months, with your first payment being on the day you open your account, and the interest rate doesn’t change.
How do I open and manage my account?

Who can open

  • You must be an existing Monmouthshire Building Society customer, before 20 August 2025, to open this account.
  • You must be aged 16 or over and a UK resident (excluding Northern Ireland)
  • Accounts are limited to 1 per customer, for individuals only. There is no limitation to having this Regular Saver alongside other Regular Saver accounts.

How to open

  • Via the MonBS app

Minimum

  • The minimum balance is £50.

Maximum

  • The maximum you can pay in is £1000 each month.
  • The maximum balance of this account is £12,000.
  • The maximum that a member can invest with Monmouthshire Building Society across all accounts is £2,000,000.

How to manage

  • Via the MonBS app.
Can I withdraw money?
  • Yes, you can take out your money immediately or close your account without giving notice.
  • Keep in mind you may not be able to replace what you withdraw. This is because of the monthly deposit limits.
Additional Information
  • At the end of the term, this account will automatically switch to the Society’s Easy Saver or the nearest equivalent available at that time. We will contact you as a reminder nearer the time.
  • *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.
  • You only pay tax on savings above your Personal Savings Allowance. Visit www.hmrc.gov.uk for more information.
  • Rates and information correct from the 21 August 2025.

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

Regular Saver Terms and Conditions

App Exclusive Regular Saver Summary

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

Savings terms:

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.

Gross is the rate of interest payable before any tax is taken off.

Fixed interest means the rate stays the same until the account matures.

Variable interest means the rate can go up or down at any time. We will always publish our rate changes and give you with at least 30 days notice if the rate on one of your accounts is due to go down.

Tax-free means you will not pay any tax on your interest.

Tax year runs from 6 April to 5 April.

Business day is Monday to Friday excluding bank holidays.

 

The information provided in the summary box is a summary of the key features of the App Exclusive Regular Saver 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 an App Exclusive Regular Saver, you can apply via the app.

 Download our App here

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