The Melton Online Fixed Rate Savings account means you earn 1.90% gross on your savings until 23 July 2021.
THIS IS A LIMITED ISSUE ACCOUNT WHICH WILL BE WITHDRAWN IMMEDIATELY WITHOUT NOTICE IF FULLY SUBSCRIBED.
|Account Name||Online Fixed Rate to 24 August 2020|
|What is the interest rate?||
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Interest, payable at the end of each month, can be added to the account, transferred to your nominated bank/building society 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. The investment is for term to mature on 23 July 2021. For full details please read our 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 £1000 in this account, at the end of the term 23 July 2021 you would have £1062.19.
(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 £500,000. Once the account is fully subscribed no further deposits will be accepted.
You can open and manage your account online 24/7, via our website.
|Can I withdraw money?||
Early withdrawals are not permitted during the fixed rate period.
Fixed Rate Maturity Process - The Society will write to you 14 days 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 a nominated account. If your funds are automatically reinvested into our nominated account, you may cancel it within 14 days of maturity. We will help you switch to another account or we will give all your money back with any interest it has earned. We will ignore any notice period and any extra charges.
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 Saturday.
Leave your details and we will call you back.