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We are currently receiving high levels of applications, which may mean some cases take slightly longer than usual to process.
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Flexible savings with unlimited withdrawals
Start saving from £25,000
FSCS protected up to £85,000
Our Easy Access rate
4.81
%
AER (variable)
Grow your savings with interest paid monthly into your Monument Easy Access Savings account.
Using the Monument app you can add and withdraw money to and from your Linked Account.
We don't charge you any account fees for opening or managing your savings account with us, and never will.
Speak to our Client Services team through in-app chat, call, video or get in touch by email.
View and manage your savings at your convenience with 24/7 access to the Monument app.
We’re a fully licensed bank and your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
Get the app from the Apple App Store or Google Play.
Choose your savings account, and provide us with some personal details so we can securely open your account.
Send money from your Linked Account to your new account and start earning interest immediately.
Here are the answers to most popular questions about our savings accounts. To see more please go to the FAQ page.
Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth.
More than 40,000 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 Easy Access Savings account, 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.
*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.
The interest rate on your Easy Access Savings account is 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 Easy Access and a Notice Account with us, you must hold a minimum of £25,000 in total across both accounts.
This summary contains key information about the Easy Access Account you have selected. Please read it carefully alongside the Easy Access Savings Terms and our General Savings Terms.
4.71% gross / 4.81% AER (variable)
Rate effective 03 September 2024
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest payable before income tax is deducted.
Interest is calculated daily and paid monthly to this account.
Yes, the interest rate is variable and may change.
We can change the interest rate at our discretion for any of the reasons detailed in Section 3 of our Easy Access Savings account Terms.
We will contact you if your rate is going up or going down. We will give you at least 14 days’ notice in advance of any rate reduction. If we increase the rate, we will apply it immediately and we will inform you of the increase within 30 days of it being made.
£1,048.10 at an interest rate of 4.81% AER (variable)
£26,202.50 at an interest rate of 4.81% AER (variable)
For the purposes of this calculations we assume that:
The above is for illustrative purposes only and does not take into account any individual circumstances
You can open and manage your account through the Monument mobile app.
Eligibility:
Minimum and Maximum Balance:
Making Deposits:
Yes, you have 24/7 access to your savings via the Monument mobile app.
An unlimited number of withdrawals can be made through the mobile app. For your security, higher value withdrawals may require additional verification checks.
You can withdraw up to £500,000 per day via the Monument app. If you’d like to withdraw more than this, you can do so by contacting our Client Services team.
Funds withdrawn can be paid to your Linked Account or another Monument Savings account in your name.
We do not deduct tax from any interest paid to you.
You will need to pay any tax you owe to HMRC or other Tax authorities applicable to you.
Please note: The information provided here is a summary of the key features of our Easy Access Savings account. Further information can be found in our Easy Access Savings Terms.
Apply for an account in just a few minutes.
If you’re looking for an account with a higher rate, learn more about our Fixed Term Deposits or Notice Accounts.
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