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 new applicants residing in Wales or existing members (living in the United Kingdom).

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Account Rates Leaflet

Important – please note that we are increasing some of our savers interest rates with effect from 1st December 2023.

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 December 1st 2023

Instant Access Saver £1 £1 4.25%
Regular Monthly Saver £25 - £1,500
per calendar month
£1 GROSS = 4.75%
AER = 4.85%
90 Day Notice £1 £1 GROSS = 4.75%
AER = 4.85%
Cash ISA £1 £1 4.25%
First Adult Saver Account 
(Only available to customers aged 18-40)
£1 £1  GROSS = 4.50%
AER = 4.55%
Young Saver
£1 £1 GROSS = 4.75%
AER = 4.81%
Junior ISA £1 £1 4.75%


* 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 December 1st 2023
Business Instant Access Saver £1 3.75%
Business 90 Day Notice £1 GROSS = 4.25%
AER = 4.33%
Cygnet / Swans Junior Account £1 GROSS = 4.75%
AER = 4.81%


*** 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 that can be held across all accounts held with the Society is £1m*, or £500k where the customer first opened an account with the Society on or after 01.03.23.  *Please note that where an existing customer(s) who opened an account on or before 28.02.23 has an aggregate savings balance in excess of £500k, they will not be allowed to deposit further monies where their combined balances are in excess of these amounts. 

Our Savings products are only available to new applicants residing in Wales or existing members (living in the United Kingdom).

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