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|Account Name||Online 180 Day Notice (Monthly Interest)|
|What is the interest rate?||
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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 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 long term future of the Society.
We will give you fourteen days’ notice before any change that would disadvantage you. For full details please read our Terms and Conditions.
|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 £1019.98.
(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.
Accounts can be opened online with a minimum amount of £1000 and the maximum that can be held in this account is £250,000.
There is a maximum daily withdrawal limit of £10,000.
You can open and manage your account online 24/7, via our website.
|Can I withdraw money?||
180 Days’ Notice - you will need to give 180 days’ notice of your intention to withdraw funds from your account. By logging into your online account, you can transfer funds from your account to a nominated bank/building society account.
Withdrawals are subject to the limits explained in our savings terms and conditions.
This is a summary of the key features of this account. You will still need to read the savings terms and conditions.
Call one of our friendly advisors on 01664 414141. Opening hours 9am to 6pm Monday to Friday and 9am to 12pm on Saturdays.
Leave your details and we will call you back.
Following the Bank of England Base Rate increases, our Standard Variable Rate is due to increase from 5.39% to 5.64% with effective from 1st August 2022.
Please bear with us our telephone lines will be busier as we help customers.
If you have any concerns about financial difficult as a result of this change, please contact the Mortgage Services Team on 01664 414141 so we can help support you.
On Saturday 13th August 2022 our Oakham Branch will be closed for refurbishment.
Our Grantham and Melton Branches will remain open.
We apologise in advance for any inconvenience this may cause