The Monmouthshire Building Society has launched two new savings bonds available now.
Its one-year fixed rate bond Issue 18 pays 3.10 per cent AER/Gross and savers need to invest between £2,500 and £50,000 or £100,000 for a joint investment. If you close the bond before the end of the one-year term you will lose 90 days interest.
Monmouthshire BS has also launched a two-year fixed rate bond Issue 18 savings bond that pays 3.25 per cent interest with the same investment limits. If you close the bond before maturity you will lose 180 days interest.
Interest is calculated daily and paid annually on both accounts. No partial withdrawals are allowed from either bond at any time.
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