Newbury Building Society - 01635 555777

 

 

You've selected our Monthly saver

Think this one's for you?

Here are the facts...Here are the facts...

  band previous rate current rates
    Gross % Change % Gross % Gross AER % * Net Equiv % Net AER % *
Rate £10+ 3.05 0.00 2.95 2.95 2.36 2.36
Bonus £10+ 3.05 0.00 2.95 2.95 2.36 2.36
Total £10+ 6.10 -0.20 5.90 5.90 4.72 4.72
What rate do you get?

As the interest rate for this account is variable, please simply click here to see the current Monthly saver account interest rate. Interest is calculated daily and paid annually into the account on the anniversary of its opening.

In addition to the account’s interest rate, you can benefit from an annual bonus each year if you make 12 consecutive monthly payments that are at least the same amount as your initial deposit. The bonus is variable and is calculated on a daily basis throughout the year and has the effect of doubling your guaranteed interest in each year.

Is it for you?

Consider our Monthly saver account if:

  • You are looking at a simple and effective way to build up your savings.
  • You are able to save a regular amount of money every month for 3 years of between £10 and £250.
  • You want to benefit from an annual bonus each year that has the effect of doubling the guaranteed interest that your savings will earn in this account.
A key thing to consider is how much you want to save each month because in order to qualify for the annual bonus payment your monthly deposits need to be at least the same as the initial deposit with which you opened the account. However, you can increase your monthly deposits (up to a maximum of £250) if you wish to at any time.

Your first monthly deposit can be made by cash or cheque when you open your account. After this, you need to make your monthly deposit by standing order. We can help you set this up.

Monthly Saver is available to anyone, regardless of age. You can open an account either in your own name or as a joint account with someone else.

What access can you have to your money?

Our Monthly saver account is designed to help you to save regularly for a period of 3 years but you can get instant access to your money if you should need to for any reason. However, please remember that partial withdrawals are not possible with this account so you would need to close your Monthly saver account. Also, by closing your account, you would not earn an annual bonus for the year in which you close it.

What happens to your account after 3 years?

At the end of the 3 years your Monthly saver will automatically be closed and your savings transferred to our Instant premium account. This account offers you instant access to your money, giving you the flexibility to do whatever you want with your savings as soon as you want.

Are there any other terms and conditions you need to be aware of?

You should read our handy guide Savings explained, which contains general terms and conditions relating to saving and investing with Newbury Building Society.
Are there any charges on this account?

There are no charges for the normal operation of the account. There are charges for one-off services you may require, for example if you need a duplicate savings statement or make a withdrawal by CHAPS (Clearing House Automated Payments System). Please click here for details.

Important savings information

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