Welcome Saver
Our highest variable rate savings account available exclusively to new clients.
This product is available exclusively to clients who are new to Monument. To qualify, you must open this account within 14 days of becoming a Monument client.
Simple savings, multiple benefits
New clients can earn 4.51% AER (variable), paid monthly
After 12 months this account matures to an Easy Access Tracker. The final interest payment will be paid on the date the Welcome Saver matures.
The Easy Access Tracker pays a variable interest rate that tracks the Bank of England base rate. The current rate is the base rate minus 0.50% gross. To monitor the Bank of England base rate, visit www.bankofengland.co.uk.
This product is available exclusively to clients who are new to Monument. To qualify, you must open this account within 14 days of becoming a Monument client.
Enjoy flexible withdrawals and deposits
Access to your money 24/7
Full transparency, no hidden fees
Your money is safe with us.
Eligible savings are protected up to £120,000 by the Financial Service Compensation Scheme (FSCS).
Exceptional service
isn’t our aim.
It’s our guarantee
Enjoy an effortless experience
Open an account in minutes then deposit funds straight away.
Monument clients love our app and rate us ”Excellent” on Trustpilot.
Always speak to a person
Unlike other banks, we never use chatbots.
Speak to our UK-based team instantly in the app or pick up the phone.
Be rewarded for your loyalty
If you’re a Fixed Term Account saver who chooses to stay with us, we’ll thank you with a special rate.
Start saving now
Download the app
Get the app from the Apple App Store or Google Play.
Choose the right Savings Account for you
Provide us with your personal details so we can securely open your account.
Add money
Set up your Linked Account and make a deposit to start earning interest immediately.
What our clients say
What is Welcome Saver?
Welcome Saver is an easy access savings account that is available exclusively to clients who are new to Monument. You can withdraw your savings or top up your account whenever you like, with 24/7 access. The account lasts for 12 months from the date you open it, after which it will mature into an Easy Access Tracker account.
The Easy Access Tracker will pay a variable interest rate that tracks the Bank of England base rate. The margin relative to the base rate, and the minimum rate (the floor), that will apply to your Easy Access Tracker are set out in your Summary Box.
Who is Monument?
Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth.
More than 100,000 clients save with Monument and benefit from our UK-based client servicing team.
Your money is protected up to £120,000 by the Financial Services Compensation Scheme (FSCS).
Am I eligible for this account?
The Welcome Saver is available exclusively to clients who are new to Monument. To qualify, you must open this account within 14 days of becoming a Monument client.
Can the rate change?
Yes, the Welcome Saver interest rate is variable and may change. If we change the rate, we'll let you know by emailing you.
After 12 months your Welcome Saver will mature into an Easy Access Tracker. The Easy Access Tracker has a variable interest rate that tracks against the Bank of England base rate, which means it will increase or decrease with the Base Rate changes.
What is the minimum balance?
The minimum balance requirement is £25,000.
This is for the combined total across all of your Monument accounts. For example, if you have a Welcome Saver and a Notice Account with us, you must hold a minimum of £25,000 in total across both accounts.
4.42% gross / 4.51% AER (variable) for 12 months
Rate effective 12 August 2026
Interest is calculated daily and paid monthly. Interest can be paid to your Linked Account or into your Welcome Saver.
After 12 months this account matures to an Easy Access Tracker. The final interest payment will be paid on the date the Welcome Saver matures.
The Easy Access Tracker will pay a variable interest rate that tracks the Bank of England base rate. The current rate tracks 0.50% below the base rate, subject to a minimum rate (floor) of 0.10%. To monitor the Bank of England base rate, visit www.bankofengland.co.uk.
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
Gross is the rate of interest payable before income tax is deducted.
Yes, the interest rate is variable and may change.
We can change the interest rate at our discretion for any of the reasons detailed in Section 5 of our Welcome Saver Terms.
We will contact you if your rate is going up or going down. We will give you at least 14 days’ notice in advance of any rate reduction. If we increase the rate, we will apply it immediately and we will inform you of the increase within 30 days of it being made.
£1,045.10 at an interest rate of 4.51% AER (variable)
£26,127.50 at an interest rate of 4.51% AER (variable)
For the purposes of this calculations we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date.
- You make no additional deposits or withdrawals.
- The interest rate remains the same for 12 months.
- The interest is paid into your Welcome Saver account.
The above is for illustrative purposes only and does not take into account any individual circumstances.
You can open and manage your account through the Monument mobile app.
Eligibility:
- This product is available exclusively to clients who are new to Monument. To qualify, this must either be your first Monument account, or this account must be opened within 14 days of your first Monument account being opened.
- you must be aged 18 or over.
- you must be a UK resident.
- this account can only be opened in one person’s name.
- you must have a personal UK bank account that allows transfers to be made to and from your Monument Welcome Saver.
Minimum and Maximum Balance:
- £25,000 minimum balance across all Monument savings accounts you hold including this one.
- £2,000,000 maximum balance across all Monument savings accounts you hold including this one.
Making Deposits:
- You have 14 days to make your first payment into your account from the date your account is opened, otherwise your account will close automatically.
- Deposits can only be made by electronic payment from your Linked Account or a Monument Savings Account held in your name (subject to the terms and conditions of the account).
- Any funds received from another external account that is not your Linked Account will be returned.
- We do not accept deposits in cash or cheque.
Yes, you have 24/7 access to your savings via the Monument mobile app.
You can withdraw your money at any time without charge: before maturity from your Welcome Saver, and after maturity from your Easy Access Tracker.
An unlimited number of withdrawals can be made through the mobile app. For your security, higher value withdrawals may require additional verification checks.
You can withdraw up to £150,000 per day per account via the Monument app. If you’d like to withdraw more than this, you can do so by contacting our Client Services team.
Funds withdrawn can be paid to your Linked Account or another Monument Savings account in your name.
At least 30 days before your Maturity Date, we'll remind you that your account is approaching the end of its 12-month term, with a further reminder around 10 days before. On your Maturity Date, your Welcome Saver will close and your balance (including your final interest payment) will transfer automatically to a new Easy Access Tracker account in your name. We'll confirm once this is done.
We do not deduct tax from any interest paid to you.
You will need to pay any tax you owe to HMRC or other Tax authorities applicable to you.
Please note: The information provided here is a summary of the key features of our Welcome Saver Account. Further information can be found in our Welcome Saver Terms.
Further information about the Easy Access Tracker can be found on our website.
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