Monument savings review

London-based digital bank Monument received its full banking licence in November 2021. It specialises in savings accounts, and it aims to meet the needs of the mass affluent market.

Monument Bank's top savings rate of 4.31% is available on one of its fixed-rate bond accounts.

Easy access savings accounts

Monument Bank's best easy access rate of 4% is significantly lower than today's market-best rate of 6%. Compare more instant and easy access accounts up to 6%

Cash ISAs

Monument Bank's best cash ISA rate of 4.25% is very slightly lower than today's market-best rate of 4.67%. Compare more ISAs up to 4.67%

Fixed-rate bonds

Monument Bank's best fixed-rate bond rate of 4.31% is very slightly lower than today's market-best rate of 4.5%. Compare more fixed-rate bonds up to 4.5%

Notice savings accounts

Monument Bank's best notice savings account rate of 3.85% is slightly lower than today's market-best rate of 4.54%. Compare more notice savings accounts up to 4.54%

What is Monument Bank's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Monument Bank offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, notice accounts
Best easy access rate	4%
Best cash ISA rate	4.25%
Best fixed-rate bond rate	4.31%
Best notice account rate	3.85%
Fixed bond terms	6 months - 1 year
Notice account periods available	7 days - 60 days
Opening options	Website, mobile app
FSCS protection

How do the accounts work?

To open most accounts with Monument, you will need a minimum deposit of £25,000. The exception is if you already have a Monument savings account, as you must hold at least £25,000 across all of your Monument accounts. The rule also doesn’t apply to Monument’s cash ISA which can be opened with £10,000, or £1 if you’re an existing customer (you can only pay in up to £20,000 per tax year).

If you choose an easy access account, you can add to and withdraw your funds as required. However, the Limited Access account only permits 3 withdrawals per year, otherwise the interest rate drops.

If you choose a notice account, you must give the required number of days’ notice before accessing your money. This will either be 7 days, 35 days, 45 days or 60 days, with higher interest rates applying to the accounts with the longest notice periods. You can add to your funds whenever you want to.

Fixed rate bonds come with terms of 6 months or 1 year, and you won’t be able to access your funds during this time. However, you can change your mind and cancel the account within the 14-day funding period. Interest rates are fixed, so they cannot change during the term. At the end of the term, if you decide to renew your fixed rate account, you’ll be offered a better rate than the bank is offering new clients at the time.

Who is it for?

The Monument savings accounts are designed for those with at least £25,000 to invest. You can choose from a range of account types, depending on whether you want instant access to your cash or are happy to lock it away.

To open an account, you must be a UK resident and at least 18 years old. You will also need to have a personal UK current account in your name to use as your Linked Account – all deposits must be paid from this account.

How to apply

To apply for a Monument savings account, you will need to first download the app and then register and apply. You’ll need to provide some personal details to verify your identity.

Is it safe?

Yes, Monument Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. All eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS).

Pros and cons

Monument customer reviews

In our independent 2025 customer satisfaction survey, 80% of Monument’s users said they’d recommend its savings products to a friend.

The Monument app has a rating of 4.9 out of 5 from more than 9,700 reviews on the Apple App Store. On the Google Play Store, it has a score of 4.9 out of 5 from over 3,000 Android app users.

Over on Trustpilot, Monument scores 4.7 out of 5 from around 1,170 reviews.

These were checked in September 2025.

Customer service information for Monument

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is this savings account from Monument worth it?

If you have at least £25,000 ready to put into a savings account, Monument has a wide selection of savings accounts to choose from – whether you’re after an easy access option, are happy to give some notice before accessing your cash, or want to lock away your funds for up to a year.

That said, if you’re looking to tie up your money in a longer-term fixed rate bond, or you’d prefer to be able to manage your account in branch or over the phone, you’ll need to look elsewhere.

Frequently asked questions

• What is the maximum account balance?

  You can have a maximum total savings balance of £2 million. If you exceed this, Monument will contact you and may return some of your funds to your linked account.

• How can I contact Monument?

  You can contact Monument via the app or by email or phone.

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