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Derbyshire, Leicestershire & Rutland Air Ambulance 90 Day Notice Affinity

Our Derbyshire, Leicestershire & Rutland Air Ambulance 90 Day Notice Affinity account offers an attractive rate of interest, whilst the Society gives 0.25% of the average daily balances held in the account to the Air Ambulance Service.

The Air Ambulance Service operates the local air ambulance services for Warwickshire, Northamptonshire, Derbyshire, Leicestershire and Rutland with a clear vision.  The Service wants children to grow into adults, adults to live longer and for bereavement through trauma to become rare.

Each of the Air Ambulance services work tirelessly to save lives and alleviate sickness, wherever and whenever possible.

The helicopters provide a rapid response to trauma and medical emergencies over an area of 3850 square miles. They cover many of the UK’s major road networks including the M1, M6, M69 and M42. With an average response of just 13 minutes, between them they attend on average six missions a day.

For more information please visit the charity’s website www.theairambulanceservice.org.uk

This account is currently closed to new customers

Account Name Derbyshire, Leicestershire & Rutland Air Ambulance 90 Day Notice
What is the interest rate?
1.35% gross / 1.36% 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 £1013.58.

(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 living in Leicestershire, Nottinghamshire, Lincolnshire or Rutland, or to customers who have been members with the society for 5 years or more.

Accounts can be opened with a minimum amount of £500 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 a branch of the Society 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 a branch of the Society 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

Interest Rates

  1. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%.
  2. 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%.
  3. 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).
  4. The tax free rate is the contractual rate of interest payable where interest is exempt from income tax.
  5. The Melton Mowbray Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000.
  6. Rate of interest payable depends on individual circumstances and may be subject to change in the future.
  7. 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

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