About Us
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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Easy Saver

Issue 1

Interest Rate AER / Gross - Variable : 3.50%

Minimum - Maximum Balance : £1 to £500,000

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: 

Green Check Mark PNGs for Free DownloadYou would like the ability to have instant access to your funds.  

Green Check Mark PNGs for Free DownloadYou would like to make additional deposits to your savings.  

Green Check Mark PNGs for Free DownloadYou would like to open and manage this account online and/or in person from

Monmouthshire Building Society Branches.

Not suitable for you if:

 File:Cross red circle.svg - Wikimedia Commons  You would like a fixed rate of interest on your savings.

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

Additional Information:

  • Unlimited withdrawals can be made without notice or loss of interest, subject to the minimum balance being maintained 

Click below to expand the Easy Saver Summary Box and Terms and Conditions.

What is the interest rate?
  • 3.50% 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 30 days notice.
What would the estimated balance after 12 months based on £1,000 deposit?
  • £1,035.00
  • 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


  • The minimum balance is £1, and your account needs to stay above this amount.


  • The maximum that a member can invest with Monmouthshire Building Society is £500,000, this could be just in this account or split across other accounts you hold with the Society.

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 can take out your money immediately or close your account without giving notice.
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 31 July 2023.

The information provided in the summary box is a summary of the key features of the Easy 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 Easy Saver simply click below.

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

Apply Online


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