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Derbyshire, Leicestershire & Rutland Air Ambulance Affinity Fixed Rate Savings

Best Charity Savings Account providerDerbyshire, Leicestershire & Rutland Air Ambulance Fixed Rate Affinity Savings Account means you earn interest on your savings, whilst the Society gives 0.10% of your average daily balance to the DLRAA Charity.

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


Account Name Derbyshire, Leicestershire & Rutland Air Ambulance Fixed Rate to 23 April 2021
What is the interest rate?
1.80% gross / 1.81% AER
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Interest, payable at the end of each month, can be added to the account, transferred to your bank account or transferred to an existing Melton savings account.

Can the Melton Building Society change the interest rate?

The interest rate is fixed for the term of the investment.  The investment is for term to mature on 23 April 2021.

For full details please read our savings terms and conditions.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1000 in this account, at the end of the term 23 April 2021 you would have £1065.69.

(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 £1000 and the maximum that can be held in this account is £500,000.

Once the account is fully subscribed no further deposits will be accepted.

To open an account, simply complete an application form (available from branches or within the How to Apply section below).

Can I withdraw money?

Early withdrawals are not permitted during the fixed rate period.

Tax treatment depends on individual circumstances and may be subject to change in the future
How to apply

Simply download, print and complete the application form using the link below. Please return your completed form, necessary identification and opening cheque to your local branch or post it to The Melton, Mutual House, Leicester Road, Melton Mowbray, Leicestershire LE13 0DB. Cheques should be made payable in the name of the account holder.

You should also read our savings terms and conditions to ensure you understand the features and conditions of this product.

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.