Protection
FSCS£120,000
Min balance
£25,000
Max balance
£2,000,000
Access
3 withdrawals/year, Then -0.50% rate for remainder of year
Interest paid
Monthly
Rate Tiers
Up to 3 withdrawals/year
3.74%AER
Higher rate: 3.68% gross / 3.74% AER
4+ withdrawals/year
3.24%AER
Lower rate: 3.19% gross / 3.24% AER, applies from 4th withdrawal for rest of Anniversary Year
How It Stacks Up
Ranks 66th of 194
Easy access accounts we track
This account 3.74%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.64% more
- Average easy access
- 2.86%
- Pays 0.88% more
- Best easy access
- 5.50%
- Pays 1.76% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 0.81% more than this Monument Bank account
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: The rate is variable, so it can go down
- Con: You need at least £25,000 to open it
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