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Branch Rainbows 90 Day Notice Affinity

Our Rainbows 90 Day Notice Affinity account offers an attractive rate of interest, whilst the Society gives 0.10% of the average daily balances held in the account to Rainbows Hospice for Children and Young People charity.

About Rainbows – What We Do

Sadly, some children simply don’t live long enough. Since 1994 we’ve opened our doors and hearts to those children and the people who love them most. And now more than ever, we need your help to keep on bringing care and happiness to our children and families.

As the East Midlands’ only hospice for children and young people, we provide vital care and support to families impacted by life-limiting conditions.

Your support means we can provide end of life care, symptom management, short breaks and respite care. We can also be there to support parents and siblings through their bereavements.

Our team are there for families when they need us the most, but we couldn’t do our work without the help of people like you. We know that together we can bring more love, smiles and laughter to our children, young people and families.

For more information about this charity please visit www.rainbows.co.uk

This account is currently closed to new customers

Account name Branch Rainbows 90 Day Notice
What is the interest rate?
0.60% gross / 0.60% AER
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Interest, payable at the end of each month, can be added to the account, transferred to your nominated bank/building society account or transferred to an existing Melton savings account.
Can the Melton Building Society change the interest rate?

The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society.

We will give you ninety days’ notice before any change that would disadvantage you.

For full details please read our Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1000 in this account, after 12 months you would have £1010.05.

(This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account.  This figure is for illustrative purposes only, and does not take into account your individual circumstances.)
How do I manage and open my account?

This account is only for UK resident individuals aged 16 or over.

Accounts can be opened with a minimum amount of £100 and the maximum that can be held in this account is £500,000.

To open an account, simply complete an application form available from branch or our website.

Manage your account by visiting one of or branches or by forwarding your written instructions to us.

 
Can I withdraw money?

90 Days’ Notice – you will need to give 90 days’ notice of your intention to withdraw funds.  You can make withdrawals by visiting one of our branches or by forwarding your passbook with written instructions to us.  You can also transfer funds from your account to a nominated bank/building society account.

Withdrawals are subject to the limits explained in our product and general Savings Terms and Conditions.
Tax treatment depends on individual circumstances and may be subject to change in the future

This account is currently closed to new customers

  1. Gross rate is the contractual rate of interest payable without tax taken off.
  2. It is your responsibility to declare any interest you earn over your Personal Savings Allowance directly to HMRC
  3. Net rate is the rate of interest which would be payable after allowing for the deduction of income tax at the rate specified, currently 20%.
  4. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year (as every advert for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
  5. The tax free rate is the contractual rate of interest payable where interest is exempt from income tax.
  6. The Melton Mowbray Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000.
  7. Rate of interest payable depends on individual circumstances and may be subject to change in the future.
  8. Tax treatment depends on individual circumstances and may be subject to change in the future.
Click here for our handy guide to making the most out of your savings

Get In Touch

Call one of our friendly advisors on 01664 414141. Opening hours 9am to 6pm Monday to Friday and 9am to 12pm on Saturdays.

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