Regular Monthly SaverFrom the bank's Summary Box, read 3 November 2026
Rate type
VariableFrom the bank's Summary Box, read 3 November 2026
Can the bank change the rate?
Yes - Interest rates are variable which means the interest rate can go up and down and may be amended at any time. We will give you 14 days written notice by post of any proposed change in our interest rates. They will also be posted on our website or you may visit or telephone any one of our branch offices. Details of other Swansea Building Society savings accounts interest rates are available in our ‘Range of Savings Accounts’ leaflet which is available by visiting or telephoning one of our branch offices or online at www.swansea-bs.co.uk . …From the bank's Summary Box, read 3 November 2026
How interest is worked out
Calculated dailyFrom the bank's Summary Box, read 3 November 2026
When interest is paid
Interest is variable and calculated daily on the balance in the account and added to the account on the last working day of each month. Interest is paid gross without tax deducted. If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. …From the bank's Summary Box, read 3 November 2026
The bank's example
What would the estimated balance be after 12 months Projected Balance = £1,226.43 (This figure is for illustration purposes, does not take into account the individual circumstances of the customer and is based on a deposit of £100 made to the account on the first day of each month and that interest is added to the account at the end of each month. It also assumes no changes in the interest rate within the 12 month period. …From the bank's Summary Box, read 3 November 2026
Ways to open
Not stated
Who holds your money
Deposit-taker
Swansea Building Society
Incorporated in
United Kingdom
Regulated
Yes, by the Prudential Regulation Authority and Financial Conduct Authority (FRN 206066)
Protection and disputes
Financial Services Compensation Scheme and Financial Ombudsman Service
Capital
Capital and reserves of £49.1m at 31 December 2025 (latest published accounts).
FSCS protection
Up to £120,000 per person is protected across everything you hold with Swansea Building Society.
You'll apply on Swansea Building Society's own website. Swansea Building Society may pay us if you open this account; that doesn't affect its position in our results.
Ways to manage it
Online, Branch and PostFrom the bank's Summary Box, read 3 November 2026
Minimum age
18 or overFrom the bank's Summary Box, read 3 November 2026
Where you must live
T o open an account, you must be resident in Wales.From the bank's Summary Box, read 3 November 2026
Joint accounts
Not stated
Existing customers only?
No, open to new customers tooFrom Swansea Building Society's website, checked 3 November 2026
Accounts per person
Not stated
Ways to pay in
standing order, direct debit, bank transfer, cheque and cashFrom the bank's Summary Box, read 3 November 2026
Minimum to open
Not stated
Maximum balance
Not stated
Withdrawals
Yes, you do not have to give notice to close your account or make a withdrawal. You can withdraw money from your account at any time without notice, loss of interest or penalty by visiting us at a branch. Alternatively, you may send us your signed written instructions by post, by Email or via our online service Swansea Online using the secure messaging service. Minimum withdrawal is £1 (or less if closing the account). Minimum balance to be held in this account is £1. The maximum cash withdrawal per customer per day is £1,000.From the bank's Summary Box, read 3 November 2026
Notice to withdraw
Not stated
Charges or lost interest
You can withdraw money from your account at any time without notice, loss of interest or penalty by visiting us at a branch.From the bank's Summary Box, read 3 November 2026
Closing the account
Yes, you do not have to give notice to close your account or make a withdrawal. Minimum withdrawal is £1 (or less if closing the account).From the bank's Summary Box, read 3 November 2026
At the end of the term
Not stated
"Not stated" means neither the bank's Summary Box nor the pages we checked said; it doesn't mean no. The bank's terms and conditions are the full agreement.
Can I open this?
Tick what applies to you to compare it with the conditions the bank states. Nothing you tick leaves this page.
This compares your answers with the conditions the bank states; it isn't a decision. Swansea Building Society decides who can open the account, and runs its own checks when you apply.
