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Fixed Rate Savings to 20 March 2020

The Melton Fixed Rate Savings Account means you earn 2.50% gross on your savings until 20 March 2020.

This account is currently closed to new customers

Account name Fixed Rate Savings
What is the interest rate?
2.50% gross / 2.53% AER
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2.50% gross / 2.53% gross AER
Can the Melton Building Society change the interest rate?

Net of income tax unless you have registered to receive interest gross
What would the estimated balance be after 12 months based on a £1,000 deposit?

n/a
How do I manage and open my account?

No withdrawals during the fixed rate period
Can I withdraw money?

Branch or post
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

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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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