Monthly Saver

Regular Savings Rewarded

A new regular savings account just launched by the Society is set to help turn budgeting for those special buys, or saving up for family holidays, into more than just good intentions.

In return for a monthly standing order commitment starting at just £10, Monthly Saver offers an attractive interest to ensure your savings grow. You can save as much as you can afford (up to a £1000 a month) and enjoy a high rate of interest.

Check the current interest rates.

If you need to get at your cash during the year, then up to two withdrawals are allowed provided at least 11 subscriptions in every 12 have been made.

About Monthly Saver

Monthly Saver is a regular savings account that combines an attractive rate of interest with limited access to your cash.

Opening your Monthly Saver Account

Inland Revenue form R85 is available on request for personal investors who have no tax liability. From the date of registration the Society can pay gross interest. Personal Investors who become non taxpayers after opening their account may also request and register form R85 in order to earn gross interest.

You need to deposit between £10 and £1,000 a month by standing order for 11 out of 12 months of your account year. If you miss more than one monthly saving, the account is closed with a loss of 28 days interest.

Download a copy of the Standing Order Instruction Form 25k PDF

Taking money out

You can make up to two withdrawals during your account year.

Managing your monthly saver

Interest earned will be added to your account on 31st December each year.

Your passbook may be updated with any deposits made or interest payments by calling into our Westminster office, or by posting it to us.

For further information please contact us.