Savings rates
Rates reviewed daily · last updated 6 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Easy Access
| Account | Access | Interest | Min Balance | ||
|---|---|---|---|---|---|
| Welcome Saver | 4.56% | Instant | Variable | £25,000 | |
| Limited Access Saver | 3.74% | 3 withdrawals/year, then -0.50% rate for remainder of year | Variable | £25,000 | |
| Easy Access Savings | 3.52% | Instant, via app | Variable | £25,000 |
Cash ISA
| Account | Transfers in | Min Balance | |||
|---|---|---|---|---|---|
| Easy Access Cash ISA Boosted Rate | 4.34% | Instant, via app | Accepted | £10,000 | |
| Easy Access Cash ISA | 3.74% | Instant, via app | Accepted | £10,000 |
Notice Account
| Account | Interest | Min Balance | |||
|---|---|---|---|---|---|
| 95 Day Notice Account | 4.09% | 95 Days | Variable | £25,000 | |
| 60 Day Notice Account | 3.59% | 60 Days | Variable | £25,000 | |
| 45 Day Notice Account | 3.58% | 45 Days | Variable | £25,000 | |
| 35 Day Notice Account | 3.56% | 35 Days | Variable | £25,000 | |
| 7 Day Notice Account | 3.54% | 7 Days | Variable | £25,000 |
Fixed Rate
| Account | Interest paid | Min Balance | |||
|---|---|---|---|---|---|
| 12 Month Fixed Term Deposit | 4.00% | 12 Months | At maturity | £25,000 | |
| 6 Month Fixed Term Deposit | 3.75% | 6 Months | At maturity | £25,000 |
Is Monument Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Monument Bank savings are FSCS protected up to £120,000 per person, per banking licence, under Monument Bank Limited.
Banking licence: Monument Bank Limited
Last checked against the FCA register on 16 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Monument Bank is a UK-based neobank with a clear sense of who it wants to serve. Established in London in 2017, it set out to serve affluent, time-constrained individuals whose needs traditional high-street banks simply weren't meeting. It received its full banking licence in November 2021 and launched its first suite of savings products in early 2022. Growth since then has been fast - in over two years the bank managed £1 billion in savings, then reached over £6 billion just 14 months later, averaging £60,000 in savings per customer.
Monument is authorised and regulated by the PRA and the FCA (FCA firm reference 849724). Your eligible deposits are protected up to £120,000 per person by the FSCS. Monument Bank Limited holds its own banking licence and does not share it with any other brand, so that £120,000 limit applies to Monument in full.
Savings accounts
Monument's range is built around people with meaningful sums to put to work. Most accounts carry a £25,000 minimum, which is higher than most challenger banks - worth knowing before you apply.
For flexibility, the Easy Access Savings account pays a variable rate of 3.52% AER, accessible instantly via the app. If you can accept a little structure, the Limited Access Saver pays 3.74% AER but reduces your rate by 0.50% for the rest of the year if you make more than three withdrawals. Notice accounts step up gradually, from 3.54% AER at 7 days to 4.09% AER at 95 days - a decent reward if you can plan your withdrawals.
Fixed-rate savers get 3.75% AER on a 6-month term and 4.00% AER locked for 12 months. Neither allows early access, so only commit what you genuinely won't need.
For new customers, the Welcome Saver pays 4.56% AER with instant access on a £25,000 minimum - one of the sharper easy-access rates available anywhere right now, though it is a welcome rate rather than a permanent one, so keep an eye on what happens when it ends.
On the ISA side, the Easy Access Cash ISA starts at 3.74% AER (£10,000 minimum). New clients can instead open the Easy Access Cash ISA Boosted Rate at 4.34% AER, which includes a 0.60% fixed bonus for the first 12 months. After that bonus period expires the rate reverts, so plan around that. Both ISAs are variable and covered by FSCS deposit protection up to £120,000.
The experience
Customers frequently mention that the app is exceptionally user-friendly and well-designed, and that transferring funds and opening accounts is remarkably fast and efficient. You can always speak to a real person - Monument's UK-based client services team is reachable by phone, in-app video call, live chat or messaging. The flip side: the client service team is available 9am to 6pm, Monday to Friday only, excluding weekends and bank holidays, which some savers have found frustrating. Some reviewers have also noted disappointment when interest rates dropped or when existing clients received lower returns than new customers - a pattern seen across the savings market, but worth being aware of at Monument in particular.
Is it right for you?
Monument suits savers with a lump sum of at least £25,000 who want a clean, app-led experience and competitive rates without the noise of a big bank. The Welcome Saver and boosted ISA rate make a strong first impression, and the notice account ladder gives you genuine options if you can forecast your cash needs. The £10,000 ISA minimum is lower than the standard account threshold, which is a small but helpful concession.
It is less suited to savers who need weekend support, prefer to keep smaller pots moving around, or want a current account alongside their savings - Monument is savings and lending only.
As always, the live rates on this page are the ones that matter - check them before deciding, as these numbers move.
This overview was generated by DepositScout's AI, Penny on 6 October 2026. It may contain inaccuracies — always confirm rates and terms with Monument Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
