Easy Access Savings Account
Our most flexible option is ideal for your short-term goals or emergency funds.
£7 Billion
Simple savings, multiple benefits
Earn 4.29% AER (variable), paid monthly
Enjoy unlimited withdrawals and deposits
Access to your money 24/7
Full transparency, no hidden fees
Your money is safe with us. Eligible savings are protected up to £85,000 by the Financial Service Compensation Scheme (FSCS).
Exceptional service
isn’t our aim.
It’s our guarantee
Enjoy an effortless experience
Open an account in minutes then deposit funds straight away.
Monument clients love our app and rate us ”Excellent” on Trustpilot.
Always speak to a person
Unlike other banks, we never use chatbots.
Speak to our UK-based team instantly in the app or pick up the phone.
Be rewarded for your loyalty
If you’re a Fixed Term Account saver who chooses to stay with us, we’ll thank you with a special rate.
Start saving now
Download the app
Get the app from the Apple App Store or Google Play.
Choose the right Savings Account for you
Provide us with your personal details so we can securely open your account.
Add money
Set up your Linked Account and make a deposit to start earning interest immediately.
What our clients say
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 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.
4.21% gross / 4.29% AER (variable)
Rate effective 12 March 2025.
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.
£1,042.90 at an interest rate of 4.29% AER (variable)
£26,072.50 at an interest rate of 4.29% AER (variable)
For the purposes of this calculations we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date
- You make no additional deposits or withdrawals
- The interest rate remains the same for 12 months
- The interest is paid into your Easy Access Savings account
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:
- you must be aged 18 or over
- you must be a UK resident
- this account can only be opened in one person’s name
- you must have a personal UK bank account that allows transfers to be made to and from your Monument Easy Access Savings account
- you can only have one Easy Access Savings account
Minimum and Maximum Balance:
- £25,000 minimum balance across all Monument savings accounts you hold including this one.
- £2,000,000 maximum balance across all Monument savings accounts you hold including this one.
Making Deposits:
- Deposits can only be made by electronic payment from your Linked Account.
- Any funds received from another account that is not your Linked Account will be returned.
- We do not accept deposits in cash or cheque.
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.
Not the right account for you?
If you’re looking for an account with a higher rate, learn more about our Fixed Term Deposits or Notice Accounts.
