Yes - we ask our clients to hold at least £25,000 in savings with us.
We offer a range of different savings accounts, so if you have over £25,000 in total with us you will meet the minimum balance requirement. If you are applying for your first Monument savings account, then you will need to deposit at least £25,000 when opening that account.
We appreciate this may be built up over a short period (although for our Fixed Term Deposits there is a 14 day funding period – please refer to the detailed Fixed Term Deposit Terms).
If your total savings balances are or fall beneath £25,000 we will ask you to “top up”, and if you don’t, we reserve the right to close your account(s) and return any balances to your Linked Account(s).