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.
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.
(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. |
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.
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
© 2021 Swansea Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206066 | terms and conditions | privacy