Monument Bank: Monument – 40 day NA

4.91% AER / 4.80% gross

AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded monthly.

Gross is the rate of interest payable before income tax is deducted.

Interest is calculated daily and is paid into the Notice Account on the last day of each month, or upon closure of the Notice Account.

Interest will be paid gross without prior deduction of tax.

The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 40 days’ notice. Should the bank set a date to increase the interest rate, customers will be notified within 40 days of the increase. Please review the Meteor Asset Management (MAM) Terms and Conditions for more information.

The estimated balance after 12 months on a deposit of £1,000 at an interest rate of 4,91% AER (variable) is £1,049.07.

For the purposes of this calculation we assume that:

• You make a deposit of £1,000 on the Notice Account opening date

• You make no further deposits or withdrawals

• The interest is paid into the Notice Account

• The interest rate remains the same for 12 months

This projection is for illustrative purposes only and does not take into account individual circumstances.

To open this Notice Account you must apply online through Raisin UK Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply for this Notice Account, you must:

● Be an individual, a UK resident and aged 18 or over;

● Hold a UK bank or building society account from which you will fund your application;

● Have a valid mobile phone number and email address;

● Have a UK National Insurance Number; and

● Only use this savings account for personal purposes, not business purposes

Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) checks.

The minimum account balance for this Notice Account is £1,000, and the maximum balance you can have across all savings accounts you hold with Monument Bank via Raisin UK is £85,000.

You can manage this Notice Account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin

UK Terms & Conditions.

It can take up to 2 business days for this Notice Account to be set up and start earning interest. For more information, please see the Raisin

UK Terms & Conditions and Meteor Asset Management Terms & Conditions.

Please ensure you have read all terms and conditions before applying for this Notice Account.

The notice period applicable to this Notice Account is stated in Account Name above and is the number of calendar days’ notice you must provide before a withdrawal request can be processed. You can only make one deposit into this Notice Account at the time it is opened. You are not able to add to the initial deposit or make partial withdrawals. A withdrawal of all funds can be requested subject to providing the relevant notice for this Notice Account. You cannot withdraw funds from this Notice Account prior to the expiry of the notice period. In very limited circumstances (such as proven financial hardship) and at our sole discretion, it may be possible for you to withdraw funds prior to the expiry of the notice period. Following a request to close this Notice Account, funds will be returned to your Raisin UK Account. Please refer to the Raisin Terms & Conditions and MAM Terms and Conditions for further information. If notice of termination is received on a non-working day (either weekend or public holiday), or after 9am on a working day, the notice period will start from the next working day. Once a withdrawal request has been made it cannot be cancelled. If the expiry of the notice period is on a non-working day, your funds will be returned within the next 2 working days and additional interest will be paid for the non-working days. e.g. If the maturity date is on a Saturday and funds are returned on the Monday, interest will be paid for the Saturday and Sunday. You have the right to close this Notice Account without charge and without giving any reason within 14 calendar days from the day it is opened. You may close this Notice Account at any other time by contacting Raisin UK and providing the requisite notice. Monument may close your Notice Account with immediate effect if there are exceptional circumstances affecting its business. In these circumstances your funds will be returned along with any accrued interest.

Privacy Notice

Please see our Privacy Notice (www.monument.co/privacy) for information on how we process personal data.

Terms and Conditions

These Terms and Conditions are between Monument Bank Limited (“Monument”) and Meteor Asset Management (“MAM”) and apply to any Monument deposit account opened by Raisin Platforms Limited (“Raisin UK”) on your behalf via the Raisin platform.

Please see the Raisin UK Terms and Conditions and the Meteor Asset Management Terms and Conditions for more information.

Meteor Asset Management, with its administration arm Meteor Investment Management, will administer the monies in this Fixed Term Deposit on your behalf.

These Terms and Conditions are not binding between you and Monument, and you will not become a customer of Monument.

These Terms and Conditions incorporate the Monument Bank Easy Access Account Summary Box which sets out the interest rate and key features of this product.

Monument may need to make changes to these Terms and Conditions if it has a valid reason. For example this could be, but not limited to the following:

• to comply with changes in law, industry codes or regulatory requirements;
• to reflect changes in the systems, schemes or suppliers it uses;
• to reflect changes in inflation or the costs it reasonably incurs in providing accounts or services; or
• to make these Terms and Conditions clearer or more favourable.

Monument will usually provide at least 30 days’ notice of all changes. If any changes are to be made you will be notified in writing.

Financial Services Compensation Scheme (FSCS)

Eligible deposits benefit from FSCS protection up to the maximum amount of £85,000 (for deposits held on an individual basis. The applicable limit will apply to the aggregate amount you place with Monument Bank directly and through any savings platform (such as Raisin).