Limited Access Saver FAQs

Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth.

More than 70,000 clients save with Monument and benefit from our range of Lifestyle services and UK-based client servicing team.

Your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).

After opening your Limited Access Saver, you will be given a sort code and an account number which you can use to make electronic payments into your Monument account from your Linked Account.

Your Linked Account is a personal UK* bank account in your name which you’ll provide when you open your account. In certain circumstances, we may be able to accept an account held with a UK* electronic money institution (known as an e-money account).

You can only add and withdraw money to and from your Linked Account.

You have 14 days to make your first payment into your account from the date your account is opened, otherwise your account will close automatically.

*UK means England, Wales, Scotland and Northern Ireland and does not include the Channel Islands and Isle of Man.

You can withdraw money to your Linked Account using the Monument app. You can make as many withdrawals as you want from the account, however from your fourth withdrawal onwards the lower interest rate will apply for the rest of the year.

On the anniversary of opening your account, your withdrawal allowance will reset and your interest rate will return to the higher interest rate.

If you make more than 3 withdrawals from your Limited Access Saver, the lower interest rate will apply for the remainder of the year.

The higher interest rate and lower interest rate on your Limited Access Saver are both variable and may change. If we change the rate, we’ll let you know by emailing you.

£25,000.

This balance requirement is for the combined total across all of your Monument accounts. For example, if you have an Limited Access Saver and a Notice Account with us, you must hold a minimum of £25,000 in total across both accounts.

No, any interest payments paid to your Linked Account do not count towards your withdrawals.