Manage Cookie Settings

Preferences updated.

Essential Cookies

Essential cookies allow us to remember the choices you make on our site and to provide enhanced and more personalised features, such as acknowledging a service announcement, remembering if we have asked you to participate in a promotion and for other services you request. These features help us to improve your visit to our website and are essential to the funcionality of the website and so cannot be disabled.

Non-Essential Cookies

The non-essential cookies on our website are mainly analytical cookies and are used to track visitors on the website. They are crucial in measuring the performance of a website and to optimise it. If you do not wish for us to track your usage you can disable these here

We use essential cookies to make our site work. We'd also like to set non-essential analytics cookies to help us improve it. We won't set non-essential cookies unless you 'Accept All Cookies'. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookie policy

Accessibility Help
Online Login
 

Fixed Rate Savings to 25 October 2028 (Monthly Interest)

Our Fixed Rate Savings Account means you earn 5.60% gross on your savings until 25 October 2028.

This account is limited – deposits will be accepted until 1 September 2023 or until the product is withdrawn, whichever is later.

To download an application form, please use the ‘Apply Now‘ link at the bottom of this page.

Alternatively, if you would like an application pack posting, please email enquiries@mmbs.co.uk providing your name, address and the account you would like to apply for, alternatively you can download the application form below.

This account is currently closed to new customers

Account name Fixed Rate Savings to 25 October 2028
What is the interest rate?
5.60% gross / 5.75% AER
Scroll for more >

Monthly 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, fixed until 25 October 2028

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 £1,000 in this account, at the end of the term 25 October 2028 you would have £1,332.62. 

(This figure is only an estimate, based on an opening date of 25 July 2023 and 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?

To open an account, see How To Apply below. Manage your account by visiting a branch of the Society or by forwarding your written instructions to us.

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

The minimum balance on this account is £1,000 and the maximum that can be held in this account is £500,000.

This account is for new and existing customers, transfers from existing accounts with the Society are permitted.

This account is limited - deposits will be accepted until 1 September 2023 or until the product is withdrawn, whichever is later.
Can I withdraw money?

Early withdrawals are not permitted during the fixed rate period.
Additional information

Fixed Rate Maturity Process - The Society will write to you before the date of maturity to set out your options. You will be invited to reinvest your maturing funds into an alternative product, transfer to an existing MMBS account or withdraw the balance. If we do not receive your instructions before the date of maturity, your money will default into an Online 30 Day Notice account. If your funds are automatically reinvested into our Online 30 Day Notice account, you may withdraw your funds without loss of interest or penalty within 30 days of maturity, after this 30 days’ notice will be required. We will help you switch to another account, or we will give all your money back with any interest it has earned.

This is a summary of the key features of this account.  You will still need to read the 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.

Request a Call Back

Leave your details and we will call you back.