Fixed Term Deposits 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).

When you open your Fixed Term Deposit 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.  You can also transfer money into your Fixed Term Deposit from your Monument Easy Access Savings account, if you have one.

You will have 14 days from the day you open your Fixed Term Deposit to deposit money into the account.

At the end of the fixed term, you can choose to reinvest your money into a Monument savings product or withdraw it to your Linked Account. We will email you 30 days prior to the end of your fixed term for you to make a selection.  If you choose to reinvest, we offer a range of exclusive Loyalty products which have higher rates than those available for new clients.

No, the interest rate on Fixed Term Deposits is fixed for the entire duration of the fixed term.

No, you can’t withdraw your money for the duration of the fixed term period.  However, you can change your mind and cancel the account within the 14-day funding period, and we will return your money to your Linked Account.

£25,000.

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