This monthly saver account is designed specifically for customers over the age of 18 who are looking to save regularly between £25 and £500 per month with instant access to their monies. The account balance after 12 months from account opening is transferred into a linked instant access account held at the Society. (A linked instant access account must either be held at account opening or one will need to be opened to run alongside the Regular Monthly Saver account for receipt of the account balance on the annual anniversary of the Regular Monthly Saver being opened.) The account holder(s) can continue to pay monthly into this account without a break in deposits, saving continuing from a zero balance.
Regular monthly saver accounts are an ideal way to save for a special occasion or just to build up your savings over time, enabling you to save regularly instead of depositing a lump sum. Regular savers accounts, generally known as monthly saver accounts, have the additional advantage of helping you to learn important savings habits and understand how to save routinely.
You can open one of our regular monthly saver accounts with as little £25 and make regular deposits to experience one of the societies best savings rates. Withdrawals are not restricted offering instant access if needed which is a great option to save for anything special with the added knowledge you can withdraw without giving notice if needed.
If any of the following apply to you, perhaps it's time to think about opening a regular monthly saver account:
Save £25 - £500 every month either by standing order or direct debit (minimum one payment must be received per month by these means). This must reach your account prior to month end. You can "top up" your nest egg by bank transfer provided that you don't exceed the £500 monthly limit.
You are only allowed to have one Monthly Saver in your sole name or held jointly.
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Additional Information |
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Specific Terms and Conditions for the Regular Monthly Saver Account |
1.Account opening and Account Holder: 2. Investment Limits: 3. Further Investment: 4. Withdrawals: 5. Interest: 6. Payment of balance upon annual anniversary of account opening: 7. Terms and Conditions: |
The information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
Hard copy - If you would prefer to print off or save the information on this page you can download a PDF here.
Carmarthen Branch
13-14 Lammas Street,
Carmarthen SA31 3AQ
Tel: 01267 611950
Fax: 01267 611951
Cowbridge Branch
75 High Street,
Cowbridge CF71 7AF
Tel: 01446 506000
Fax: 01446 506001
Mumbles Branch
496 Mumbles Road,
Swansea SA3 4BX
Tel: 01792 739200
Fax: 01792 739201
Swansea Branch
1-4 Portland Street,
Swansea SA1 3DH
Tel: 01792 739100
Fax: 01792 739101
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