Monument Bank operates as Monument Bank Limited, authorised and regulated by the FCA/PRA under Firm Reference Number 849724. This review covers its easy access savings and fixed term deposits range, its position under the Financial Services Compensation Scheme, eligibility, and the customers it tends to suit, using verified information only.
Monument Bank in context
The current range covers easy access savings, fixed term deposits, easy access cash isa, limited access saver. These are the products a new customer would actually encounter, and each carries its own terms around access, notice periods and eligibility that are worth reading before any money moves.
How the savings works in practice
Savings products like these are funded by the customer depositing money, with returns paid as interest or, for Sharia-compliant providers, as an expected profit rate. Access depends on the account type: instant or easy access allows withdrawals on demand, while fixed-term and notice accounts trade flexibility for a higher headline rate.
Money held in eligible deposits is covered by the Financial Services Compensation Scheme, which is the backstop that applies if an authorised deposit-taker fails. That cover is per eligible person and is worth checking against any other balances held with the same banking group.
The key consumer nuance
The nuance with Monument Bank is less about the headline rate and more about access and protection: how quickly money can be withdrawn, whether the rate is fixed or variable, and how the deposit sits under FSCS rules. Those three points usually matter more than a small difference in advertised rate.
Who should look closer
Rates shown on Monument Bank's website on 20 September 2026
| Label on provider page | Rate | Basis |
|---|---|---|
| Welcome Saver | 4.56% | AER |
| t Welcome Saver Easy Access Cash ISA Boosted | 4.34% | AER |
| Includes | 0.60% | AER |
| about Easy Access Cash ISA Notice Accounts Up | 4.09% | AER |
| n about Notice Accounts Fixed Term Deposits U | 4.00% | AER |
| rn about Fixed Term Deposits Limited Access S | 3.74% | AER |
| rn about Limited Access Saver Easy Access Sav | 3.52% | AER |
Read automatically from the provider's page on 20 September 2026; labels are as they appear there. Rates change; confirm on the provider's site before acting.
Regulation and protection
Monument Bank is covered by UK financial regulation through Firm Reference Number 849724, which can be checked on the FCA register. That reference is the single most reliable way to confirm a firm is genuine before any money changes hands.
Eligible deposits are protected by the FSCS. The limit applies per eligible person per authorised firm, so anyone holding larger balances should check how cover spreads across the wider banking group.
Guides for Monument Bank |
Compare Monument Bank against the market
Important information This article is for general information only and is not financial advice. Kaeltripton is not authorised by the Financial Conduct Authority and does not provide regulated advice or recommendations. Rates, products and eligibility change; always confirm details with the provider and the relevant regulator before acting. Kaeltripton is registered with the Information Commissioner's Office (ICO registration ZC135439). |
Regulator check
| FCA register number | 849724 (check on the FCA register) |
| Deposit protection | Eligible deposits with an authorised UK deposit taker are protected by the FSCS up to £120,000 per person per banking licence (limit raised from £85,000 on 1 December 2025). Brands sharing one licence share one limit. |
| Complaints | Complain to the firm first; after eight weeks or a final response, the Financial Ombudsman Service can review it free of charge. |
| Checked | 20 September 2026 |
Frequently asked questions
Who is Monument?
Is Monument safe?
Is Monument Bank FCA regulated?
Yes. The verified records show Monument Bank Limited authorised under Firm Reference Number 849724, which you can confirm on the FCA register.
Is my money with Monument Bank FSCS protected?
Eligible deposits are protected by the FSCS. The limit applies per eligible person per authorised firm, so check it against any other balances you hold in the same group.
What does Monument Bank offer?
The verified range includes easy access savings, fixed term deposits, easy access cash isa. Always confirm current availability and terms on the official site.
Sources
Sources
