Monument, the bank for the mass affluent, announces the expansion of its savings proposition with the launch of their new Easy Access Cash ISA. Offering a competitive rate of 4.76% this ISA provides a tax-efficient, flexible way to save, giving clients greater access to their funds without the usual constraints of traditional Cash ISAs.

Key features include:

• A competitive rate of 4.76%
• Tax free interest that is paid monthly into the account
• Enhanced flexibility: Clients can withdraw and replace funds as needed, including savings from previous tax years, without affecting their £20,000 ISA allowance for the current year
• No restrictions or penalties on the interest rate when you withdraw funds
• Minimum investment of £10,000 if the client doesn’t have any other Monument savings accounts (otherwise, as little as £1); Maximum initial deposit will be currently limited to £20,000
• Available through Monument’s mobile app, rated “Excellent” on Trustpilot

Available to new and existing clients, Monument’s Easy Access Cash ISA is designed to give savers more control. Their new ISA allows effortless withdrawals and replacements within the same tax year without affecting the annual allowance. This flexibility is ideal for mass affluent clients who may need temporary access to their savings but still want to maximise their tax-free allowance. Unlike other Easy Access Cash ISAs, where withdrawals reduce your £20,000 tax-free limit, Monument’s product offers a smarter way to save – helping clients manage their savings without compromising their allowance or interest rate,

Available via the Bank’s innovative app, Monument’s Cash ISA can be opened within minutes and managed seamlessly. For the moment, ISA transfers won’t be available at launch but are expected to follow soon.

This launch is a further addition to the suite of savings products offered by the Bank which includes Easy Access Savings and a range of Fixed Term Deposits and Notice Accounts.

Commenting on the product’s launch Ian Rand, CEO at Monument, said: “We are thrilled to introduce an ISA, one of the most frequently requested products by our clients. The Easy Access Cash ISA product is designed to meet the needs of our mass affluent customers. At Monument, we understand the importance of flexibility and tax efficiency in growing savings for higher earners. Our new ISA delivers on both fronts.

"It not only offers competitive rates but also ensures our customers have the freedom to manage their finances without worrying about penalties or restrictions. Our mission is to support clients with a modern approach to wealth management, providing adaptable products that make growing wealth more convenient.”