Notice Accounts
Offering higher interest rates for longer notice periods, these accounts are ideal for short to medium-term financial needs, such as school fees or moving home.
Choose a period that suits your needs
Retain the flexibility to keep adding deposits
Start saving from £25,000
Our highest Notice Account rate
5.01
%
£4 Billion
The longer the notice, the higher the rate
Maximise your money’s growth if you don’t require instant access. When you're ready to withdraw, just give advance notice through the Monument app.
7 Day
4.87 AER
35 Day
4.89% AER
45 Day
4.94% AER
60 Day
5.01% AER
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
How do Notice Accounts work?
Select your Notice Account based on your needs and goals.
Open your chosen Notice Account in minutes in our app and make a minimum £25,000 deposit.
To withdraw your money, give notice in the app.
Payment will be made into your Linked Account or your Monument Easy Access Savings Account.
Notice Account benefits at a glance
Greater returns than Easy Access Savings
Longer notice periods earn you higher interest rates, offering better returns compared to our Easy Access Savings Account.
Freedom to add money anytime
Unlike a Fixed Term Account with a 14-day deposit window, a Notice Account allows unlimited deposits whenever you want.
Flexibility to cancel withdrawals
Cancel your withdrawal easily through the Monument app until the evening before payment is due.
Full transparency, no hidden fees
We won't charge you for opening an account or managing your savings with us, and never will.
Your money is safe with us. Eligible savings are protected up to £85,000 by the Financial Service Compensation Scheme (FSCS).
We don’t aim for exceptional service. We guarantee it.
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 on the phone—we answer 90% of calls in under 20 seconds.
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
1
Download the app
Get the app from the Apple App Store or Google Play.
2
Choose the right Savings Account for you
Provide us with your personal details so we can securely open your account.
3
Add money
Set up your Linked Account and make a deposit to start earning interest immediately.
What our clients say
Frequently Asked Questions
Here are the answers to a few of the things we get asked most. Visit the FAQ page to see more.
Who is Monument?
Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth.
More than 40,000 clients save with Monument and benefit from our range of Lifestyle services and UK-based client servicing team.
Your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
How do I add money to my Notice account?
When you open your Notice account you will be given a sort code and an account number which you can use to make electronic payments into your Monument account from your Linked Account.
You can also transfer money into your Notice account from your Monument Easy Access Savings account, if you have one.
How do I withdraw money?
You can withdraw your money through the Monument app to your Linked Account or your Monument Easy Access Savings account, if you have one.
You can have multiple withdrawal requests at the same time, as long as the total amount requested to be withdrawn is not more than your total available account balance.
Can I cancel a withdrawal request?
Yes, you can cancel a withdrawal request using the Monument app until the evening before the withdrawal is due to be paid.
Can the interest rate change on my notice account?
The interest rate on our notice accounts is variable and may change. If we change the rate, we’ll let you know by emailing you.
What is the minimum balance?
£25,000.
This balance requirement is for the combined total across all of your Monument accounts. For example, if you have an Easy Access and a Notice Account with us, you must hold a minimum of £25,000 in total across both accounts.
Summary Box
This summary contains key information about the Notice Account you have selected. Please read it carefully alongside the Notice Account Terms and our General Savings Terms.
Choose a Notice Account
Account name
7 Day
7 Day Notice Account
What is the interest rate?
4.76% gross / 4.87% AER (variable)
Rate effective 19 August 2024
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.
Interest is calculated daily and is paid monthly. Interest can be paid to your Linked Account or into your Monument Notice Account.
Can Monument change the interest rate?
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 3 of our Notice Account Terms.
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.
We will give you at least 14 days’ notice in advance of any rate reduction. You will have 30 days from the date of the notification to tell us you would like to close your Notice Account or switch to a different Monument Savings Account and you will not be required to provide the 7 day notice.
What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?
£1,048.70 at an interest rate of 4.87% AER (variable)
£26,217.50 at an interest rate of 4.87% AER (variable)
For the purposes of this calculation we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date
- You make no further deposits or withdrawals
- The interest is paid into your Notice Account
- The interest rate remains the same for 12 months
The above is for illustrative purposes only and does not take into account any individual circumstances.
How do I open and manage my account?
You can open and manage your account through the Monument mobile app.
Eligibility:
- 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 Notice Account
- You can only have one 7 Day Notice Account
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:
- Unlimited deposits
- You have 14 days from account opening to make your first deposit; if the account remains unfunded at the end of this period, the account will be automatically closed
- Deposits can only be made by electronic payment from your Linked Account or transferred from a Monument Easy Access Savings account in your name
- Any funds received from another account that is not your Linked Account will be returned
- We do not accept deposits in cash or cheque
Can I withdraw money?
Yes, partial or full withdrawals can be requested through the Monument mobile app either to your Linked Account or Monument Easy Access Savings account if you have one.
All withdrawals are subject to the 7 day notice period, which starts on the calendar day you request the withdrawal. For example, if you requested a withdrawal on 1 March, the amount you requested to withdraw will be paid on 8 March; you’ll continue to earn interest during this period.
You can cancel a withdrawal request until 23:59 the evening before the withdrawal is due to be paid.
Additional information
You can change your mind and close a Notice Account you have opened without any penalties or notice within 14 days following the account opening date.
Please contact us and we will close the account and return any funds you have deposited including any accrued interest.
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 Notice Account. Further information can be found in our Notice Account Terms.
Choose a Notice Account
Account name
35 Day
35 Day Notice Account
What is the interest rate?
4.78% gross / 4.89% AER (variable)
Rate effective 19 August 2024
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.
Interest is calculated daily and is paid monthly. Interest can be paid to your Linked Account or into your Monument Notice Account.
Can Monument change the interest rate?
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 3 of our Notice Account Terms.
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.
We will give you at least 14 days’ notice in advance of any rate reduction. You will have 30 days from the date of the notification to tell us you would like to close your Notice Account or switch to a different Monument Savings Account and you will not be required to provide the 35 day notice.
What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?
£1,048.90 at an interest rate of 4.89% AER (variable)
£26,222.50 at an interest rate of 4.89% AER (variable)
For the purposes of this calculation we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date
- You make no further deposits or withdrawals
- The interest is paid into your Notice Account
- The interest rate remains the same for 12 months
The above is for illustrative purposes only and does not take into account any individual circumstances.
How do I open and manage my account?
You can open and manage your account through the Monument mobile app.
Eligibility:
- 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 Notice Account
- You can only have one 35 Day Notice Account
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:
- Unlimited deposits
- You have 14 days from account opening to make your first deposit; if the account remains unfunded at the end of this period, the account will be automatically closed
- Deposits can only be made by electronic payment from your Linked Account or transferred from a Monument Easy Access Savings account in your name
- Any funds received from another account that is not your Linked Account will be returned
- We do not accept deposits in cash or cheque
Can I withdraw money?
Yes, partial or full withdrawals can be requested through the Monument mobile app either to your Linked Account or Monument Easy Access Savings account if you have one.
All withdrawals are subject to the 35 day notice period, which starts on the calendar day you request the withdrawal. For example, if you requested a withdrawal on 1 March, the amount you requested to withdraw will be paid on 5 April; you’ll continue to earn interest during this period.
You can cancel a withdrawal request until 23:59 the evening before the withdrawal is due to be paid.
Additional information
You can change your mind and close a Notice Account you have opened without any penalties or notice within 14 days following the account opening date.
Please contact us and we will close the account and return any funds you have deposited including any accrued interest.
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 Notice Account. Further information can be found in our Notice Account Terms.
Choose a Notice Account
Account name
45 Day
45 Day Notice Account
What is the interest rate?
4.83% gross / 4.94% AER (variable)
Rate effective 19 August 2024
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.
Interest is calculated daily and is paid monthly. Interest can be paid to your Linked Account or into your Monument Notice Account.
Can Monument change the interest rate?
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 3 of our Notice Account Terms.
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.
We will give you at least 14 days’ notice in advance of any rate reduction. You will have 30 days from the date of the notification to tell us you would like to close your Notice Account or switch to a different Monument Savings Account and you will not be required to provide the 45 day notice.
What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?
£1,049.40 at an interest rate of 4.94% AER (variable)
£26,235.00 at an interest rate of 4.94% AER (variable)
For the purposes of this calculation we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date
- You make no further deposits or withdrawals
- The interest is paid into your Notice Account
- The interest rate remains the same for 12 months
The above is for illustrative purposes only and does not take into account any individual circumstances.
How do I open and manage my account?
You can open and manage your account through the Monument mobile app.
Eligibility:
- 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 Notice Account
- You can only have one 45 Day Notice Account
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:
- Unlimited deposits
- You have 14 days from account opening to make your first deposit; if the account remains unfunded at the end of this period, the account will be automatically closed
- Deposits can only be made by electronic payment from your Linked Account or transferred from a Monument Easy Access Savings account in your name
- Any funds received from another account that is not your Linked Account will be returned
- We do not accept deposits in cash or cheque
Can I withdraw money?
Yes, partial or full withdrawals can be requested through the Monument mobile app either to your Linked Account or Monument Easy Access Savings account if you have one
All withdrawals are subject to the 45 day notice period, which starts on the calendar day you request the withdrawal. For example, if you requested a withdrawal on 1 March, the amount you requested to withdraw will be paid on 16 April; you’ll continue to earn interest during this period
You can cancel a withdrawal request until 23:59 the evening before the withdrawal is due to be paid
Additional information
You can change your mind and close a Notice Account you have opened without any penalties or notice within 14 days following the account opening date.
Please contact us and we will close the account and return any funds you have deposited including any accrued interest.
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 Notice Account. Further information can be found in our Notice Account Terms.
Choose a Notice Account
Account name
60 Day
60 Day Notice Account
What is the interest rate?
4.90% gross / 5.01% AER (variable)
Rate effective 19 August 2024
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.
Interest is calculated daily and is paid monthly. Interest can be paid to your Linked Account or into your Monument Notice Account.
Can Monument change the interest rate?
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 3 of our Notice Account Terms.
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.
We will give you at least 14 days’ notice in advance of any rate reduction. You will have 30 days from the date of the notification to tell us you would like to close your Notice Account or switch to a different Monument Savings Account and you will not be required to provide the 60 day notice.
What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?
£1,050.10 at an interest rate of 5.01% AER (variable)
£26,252.50 at an interest rate of 5.01% AER (variable)
For the purposes of this calculation we assume that:
- You make a deposit of £1,000 or £25,000 on the account opening date
- You make no further deposits or withdrawals
- The interest is paid into your Notice Account
- The interest rate remains the same for 12 months
The above is for illustrative purposes only and does not take into account any individual circumstances.
How do I open and manage my account?
You can open and manage your account through the Monument mobile app.
Eligibility:
- 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 Notice Account
- You can only have one 60 Day Notice Account
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:
- Unlimited deposits
- You have 14 days from account opening to make your first deposit; if the account remains unfunded at the end of this period, the account will be automatically closed
- Deposits can only be made by electronic payment from your Linked Account or transferred from a Monument Easy Access Savings account in your name
- Any funds received from another account that is not your Linked Account will be returned
- We do not accept deposits in cash or cheque
Can I withdraw money?
Yes, partial or full withdrawals can be requested through the Monument mobile app either to your Linked Account or Monument Easy Access Savings account if you have one
All withdrawals are subject to the 60 day notice period, which starts on the calendar day you request the withdrawal. For example, if you requested a withdrawal on 1 March, the amount you requested to withdraw will be paid on 30 April; you’ll continue to earn interest during this period
You can cancel a withdrawal request until 23:59 the evening before the withdrawal is due to be paid
Additional information
You can change your mind and close a Notice Account you have opened without any penalties or notice within 14 days following the account opening date.
Please contact us and we will close the account and return any funds you have deposited including any accrued interest.
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 Notice Account. Further information can be found in our Notice Account Terms.
Not the right account for you?
If you’re looking for something more flexible you can learn more about our Easy Access Savings Account or if you want to fix your money for longer you can learn about our Fixed Term Deposits.
