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The Melton Boosts Savings

Despite challenging economic conditions, the Melton Building Society has raised interest rates to 1.25% gross for its cash ISA and young savers accounts with effect from 1 October 2013.

“Although economic conditions remain tough and we continue to operate in a low interest rate environment, the Melton Group has continued to progress in 2013 producing a strong financial performance to the end of the third quarter,” said Martin Reason, Chief Executive, the Melton. “As a consequence of improving financial strength, the Society was able to raise interest rates on its ISA and young savers accounts.”