| Account name | Limited Access Saver - Limited to 3 withdrawals per calendar year | |
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| What is the interest rate? |
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Interest, payable annually on 31 March, can be added to the account, transferred to your bank account or transferred to an existing Melton Building Society savings account. Should you need to take money out of your account on more than 3 separate occasions, your account will be closed. |
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| 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 Society’s long-term future. We’ll give you fourteen days’ notice before any change that would disadvantage you. For full details, please read our Terms and Conditions. |
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| 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 £1042.50. This figure is only an estimate, based on:
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances. |
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| How do I manage and open my account? | This account is only for UK-resident individuals aged 16 or over. You can only have one Limited Access Saver at a time. Accounts can be opened with a minimum amount of £1,000 and the maximum that can be held in this account is £500,000. The account is for new and existing customers. To open an account, see How to apply below. Manage your account by visiting a branch of the Society or by sending us your written instructions. |
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| Can I withdraw money? | Yes, as this is a limited access account you can take money out of your account up to 3 times each calendar year without having to pay a charge. A calendar year runs from 01 January to 31 December. A fourth withdrawal within a calendar year will result in your account being closed and you'll receive a charge equal to 100 days' interest based on the account balance at the time of closure. The charge will be deducted from the balance of the account at the time of closure, this means you might get less back than you originally deposited. A withdrawal is defined as taking money out of your savings account. If you take money out of your savings account multiple times on the same day, each one would count as a separate withdrawal. If you had an account balance of £1,000 when closing your account your charge, which would amount to 100 days interest, would be £11.64. This figure is an estimate, based on:
When your account is closed, you can receive your final balance by cash, cheque or transfer to your nominated account. Transfers to your nominated account can take up to 48 hours. Withdrawals are subject to the limits explained in our savings terms and conditions. |
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| Additional information | This is a summary of the key features of this account. You will still need to read the general savings terms and conditions. |
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 Melton Building Society, Mutual House, Leicester Road, Melton Mowbray, Leicestershire LE13 0DB. Cheques should be made payable to the account holder's name.
You should also read our savings terms and conditions to ensure you understand this product’s features and conditions.
At the Melton we take your privacy seriously and always treat your personal details with utmost care. We promise to keep your information safe and secure and never share it with other companies for marketing purposes.
You can read more about how we collect and process your personal data in our privacy notice, which you can access here.
Call one of our friendly advisors on 01664 414141. Opening hours are 9:00am – 5:30pm Monday to Friday.
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