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Making a difference whilst you save!

Save and donate to our Charity Of The Year with Monmouthshire Building Society’s Save And Support Account. Make a difference, earn interest and withdraw whenever needed.

Interest Rate AER / Gross - Variable : 2.25%

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

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

You must be:

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

May be suitable for you if: 

green_tick You would like the ability to have instant access to your funds.  

green_tick You would like to make additional deposits to your savings.  

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

Not suitable for you if:

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

red_cross 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.

Click below to expand the Save And Support Account Summary and Terms and Conditions.

What is the interest rate?
  • 2.25% AER/Gross is the total interest of this account.
  • 1.75% AER/Gross is what you will earn on your savings.
  • The remaining 0.50% if the amount of interest paid to the Society's Charity Of The Year. *
  • The interest rates are variable, which means the rates can go up or down.
  • Interest is calculated daily and paid once a year after 31 March.
Can Monmouthshire Building Society change the interest rates?
  • Yes, the interest rates are variable.
  • We can change the rates 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 rates up, this is shown on our website, and information will be available in our branches and agencies.
  • If we put the rates 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 deposit?
  • £1,017.50 illustrates the estimated balance in your account.
  • £5.00 illustrates the estimated interest paid to the Society's Charity Of The Year.
  • 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 and a UK resident (excluding Northern Ireland).
  • This account is limited to one per customer. This can be sole or joint.

How to open

  • Online
  • Branch or agency
  • Via the App

Minimum

  • The minimum balance is £1.

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 for existing users), in branch or agency or via the MonBS app.
  • You can pay money into your account whenever you want, up to the maximum balance.
Can I withdraw money?
  • Yes, you can make withdrawals from your account without giving notice or incurring a penalty.
Additional Information *
  • * The Society's Charity Of The Year will change every two years.
  • We will notify you 30 days prior to the change to let you know of the new Charity we will be supporting, and provide you with options for your account.
  • 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 01 April 2026.

The information provided in the summary box is a summary of the key features of the Save And Support 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 an Save And Support Account simply click below.

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

Apply Online

FAQs

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