Easy Access Savings

Flexible savings with unlimited withdrawals

Start saving from £25,000

FSCS protected up to £85,000

Join for free
More than 25,000 clients trust us with £1.5 billion of their savings
Download the app to get started
Monument's current Easy Access Ratephone showing monuments lifestyle app

Our Easy Access rate

5.01

%

AER (variable)

Our clients rate us
4.9/5
and
4.8/5
based on 1,963 app reviews

Our most flexible savings account

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5.01% AER (variable)

Grow your savings with interest paid monthly into your Monument Easy Access Savings account.

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Unlimited deposits and withdrawals

Using the Monument app you can add and withdraw money to and from your Linked Account.

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Full transparency with no hidden account fees

We don't charge you any account fees for opening or managing your savings account with us, and never will.

Why save with Monument

UK based support team

Speak to our Client Services team through in-app chat, call, video or get in touch by email.

Effortless app experience

View and manage your savings at your convenience with 24/7 access to the Monument app.

UK regulated, fully licensed

We’re a fully licensed bank and your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).

Your savings are safe with us.
Your eligible savings with us are protected up to £85,000 by the Financial Service Compensation Scheme (FSCS).

See how you're protected
FSCS Protect

Our valued clients trust us with

£1,500,000,000

of their savings

Start saving in 3 easy steps

1
Download the app

Get the app from the Apple App Store or Google Play.

2
Open your account in a few minutes

Choose your savings account, and provide us with some personal details so we can securely open your account.

3
Add money into your new Easy Access Account

Send money from your Linked Account to your new account and start earning interest immediately.

Frequently Asked Questions

Here are the answers to most popular questions about our savings accounts.  To see more please go to the FAQ page.

Who is Monument?

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

More than 25,000 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).

How do I add money to my Easy Access account from my Linked Account?

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.

How do I withdraw money?

You can withdraw money to your Linked Account using the Monument app.

Can the rate change?

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.

What is the minimum balance?

£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.

Choose a savings product

Summary Box

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.

Account name
Easy Access Savings
What is the interest rate?

4.90% gross / 5.01% AER (variable)

Rate effective 04 April 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.

Can Monument change the interest rate?

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.

What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?

£1,050.10 at an interest rate of 5.01% AER (variable)

£26,252.50 at an interest rate of 5.01% 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

How do I open and manage my account?

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.
  • £400,000 maximum balance across all Monument savings accounts you hold including this on.

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.
Can I withdraw money?

Yes, you have 24/7 access to your savings via the Monument mobile app.

Additional information

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.

Start saving today

Apply for an account in just a few minutes.

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.