Premium Limited Access

• 3.97% AER*/Gross** on balances £25,000 +
  1.00% AER*/Gross** on balances below £25,000
• 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. Interest can be added to this account, paid to an external account in your name with another UK provider, or transferred to another account that you have with us.
• The most up to date interest rate can be found at:
  www.monbs.com/savings/personal-savings-accounts-general-savings/

• 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 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 ahead of the change.

• £25,992.50
• Based on £25,000 being paid into the account, the interest rate remains at 3.97% AER*/Gross**, and no other money is paid into or taken out of the account over 12 months.

Who can open

• You must be aged 16 or over.
• You must be a UK resident (excluding Northern Ireland).

How to open

• In branch or agency.
• Via the MonBS app

Minimum

• The minimum balance required to open this account is £25,000 and your account needs to stay above this amount.
• If the balance goes below the minimum, you will receive an interest rate of 1.00% AER*/Gross** until the balance has been returned to the £25,000 minimum.

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.

• Yes you can make up to 2 withdrawals in the Society’s financial year, without penalty or notice.
• The 12-month period starts 1 April and ends 31 March each year.
• If you would like to make a 3rd withdrawal, the account will need to be closed.
• If a withdrawal takes the balance of your account below the minimum, you will receive an interest rate of 1.00% AER*/Gross** until the balance has been returned to the £25,000 minimum.
• You don’t need to give us notice if you want to access your money or close your account.
• Once this account has been closed, you will not be able to reopen or reapply.

• *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 4 September 2025.