Compare All Of Our Savings Accounts

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Savings Product Guide

The Swansea Building Society has a range of savings accounts to suit most needs. Please take the time to browse our savings products page to see how we can best help you. Whatever you choose, you will always be assured of a warm and friendly personal service that we are proud to offer all our Members.

Our Savings products are only available to existing Members / Customers or new applicants resident in Wales.


Account Rates

Important – please note that we are increasing our savers interest rates with effect from 1st August, 2022. Please see the leaflet above for confirmation of the new rates applicable to each savers account.

Savings Products

(click on the savings account product name for more information)

Account Name

Minimum Account Opening Balance

Minimum Account Operating Balance

Interest Rate from August 1st 2022

Instant Access Saver £1 £1 1.25%
Regular Monthly Saver £25 - £500
per calendar month
£1 GROSS = 1.75%
AER = 1.76%
90 Day Notice £1 £1 1.30%
Cash ISA £1 £1 1.25%
First Adult Saver Account 
(Only available to customers aged 18-40)
£1 £1  1.40%
Young Saver
£1 £1 GROSS = 2.00%
AER = 2.02%
Junior ISA £1 £1 2.00%
£1 £1 1.00%
£1 £1 1.05%


* The minimum account opening balance is the minimum amount that must be deposited at the time of the account opening.
** The minimum account operating balance is the minimum balance that must be maintained in the account for it to remain open.

Fixed/Variable Rate Bonds

The Society will from time to time offer Fixed/Variable Rate Bonds dependent upon market conditions.
The Society currently has no fixed / variable rate bonds available.


Interest Rates for Savings Accounts no longer available for new account applications

Account Name Minimum Account Operating Balance Interest rate from August 1st 2022
Cygnet / Swans Junior Account £1 GROSS = 2.00%
AER = 2.02%


*** GROSS - The Gross rate is the contractual rate of interest before the deduction of income tax.
​*** AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

The maximum balance allowed across all accounts held with the Society is £1m.

Our Savings products are only available to existing Members/Customers or new applicants resident in Wales.

If your account name is not shown above, the interest rate that applies will be the same as the Instant Access Saver Account.