6 Month Fixed Term
12 Month Fixed Term Deposit
5 Year Fixed Term Deposit
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.
Things to note
You must be a UK resident and at least 18 years old.
You must have a personal UK current account in your name to use as your Linked Account. All deposits must be made from your Linked Account. Similarly, all withdrawals will be sent to your Linked Account.
You have 14 days to fund your new account with a minimum balance of £25,000, unless you already have savings with us (you must hold a minimum of £25,000 across all your Monument accounts).
You can’t access your money for the term of the account. 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.
This summary contains key information about the Fixed Term Deposit you have selected. Please read it carefully alongside the Fixed Term Deposit Terms and our General Savings Terms.
- 6 Month
- 12 Month
- 5 Year
6 Month Fixed Term Deposit
What is the interest rate?
4.35% Gross / 4.40% AER (fixed)
Rate effective 22 May 2023
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.
Can Monument change the interest rate?
No. The interest rate is fixed and cannot be changed throughout the term.
What would the estimated balance be after 6 months based on a £1,000 or £25,000 deposit?
£1,022.00 at an interest rate of 4.40% AER (fixed)
£25,550.00 at an interest rate of 4.40% AER (fixed)
How do I open and manage my account?
You can open and manage your account through the Monument mobile app.
- 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 Fixed Term Deposit
Can I withdraw money?
No, withdrawals and early closures are not permitted throughout the term.
You can change your mind and close a Fixed Term Deposit you have opened without incurring any penalties within 14 days following the account opening date (this coincides with the Funding Period for the account).
Please contact us and we will close the account and return any funds you have deposited (together with any accrued interest).