UK digital bank Monument launches “market topping” savings products
source link: https://fintechranking.com/2022/03/24/uk-digital-bank-monument-launches-market-topping-savings-products/
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UK digital bank Monument launches “market topping” savings products
Bucking the trend towards low interest rate offerings by other banks, digital bank Monument has launched new 12-month, 2-year and 5-year savings products that offer rates of 1.8, 2.05 and 2.4 per cent respectively.
Aimed at the bank’s core client-base of “mass affluent” individuals, the minimum deposit threshold is steep – at £25,000 at any one time – and funds cannot be accessed until the end of the term.
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