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Online Fixed Rate Savings to 22 April 2026 (Monthly Interest)

Our Online Fixed Rate Savings Account means you earn 4.27% gross on your savings until 22 April 2026.

Account name Online Fixed Rate Savings to 22 April 2026
What is the interest rate?
4.27% gross / 4.35% 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 Building Society savings account.

Can the Melton Building Society change the interest rate?

The interest rate is fixed for the term of the investment, until 22 April 2026.

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 22 April 2026 you would have £1,069.08.

This figure is only an estimate, based on:

  • an opening date of 27 September 2024
  • there being no additional deposits
  • no withdrawals being made
  • no rate changes in that time with all interest being added to your account

This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.

How do I manage and open my account?

This account is only for UK resident individuals aged 16 or over. The account may be opened and operated by a maximum of four account holders.

The minimum balance is £1,000 and the maximum that can be held in this account is £250,000.

This account is for new and existing customers.

You can manage your account online 24/7, via our website.

Can I withdraw money?

No, early withdrawals are not permitted during the fixed rate period.

Additional information

Please note by opening this online savings account you accept and acknowledge:

  • The primary method of communication between us will be by email
  • The Society will inform you by email when holding members general meetings, in particular notice of its annual general meeting

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 Melton Building Society 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 for withdrawal. 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
How to apply

Please read our savings terms and conditions to ensure you understand this product’s features and conditions.

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