Fixed Rate Savings

Product name	Minimum balance	Interest paid	Gross interest %	AER %	Withdrawals	Add to brochure download
3408V – Fixed Rate Issue 11 to 21st June 2028 – Annual Interest – add to account Find out more	£1000+	Annually	4.00	4.00	Not permitted during fixed rate period
3408V – Online Fixed Rate Issue 11 to 21st June 2028 – Annual Interest – add to account Find out more	£1000+	Annually	4.00	4.00	Not permitted during fixed rate period
3408W – Fixed Rate Issue 11 to 21st June 2028 – Annual interest – payaway Find out more	£1000+	Annually	4.00	4.00	Not permitted during fixed rate period
3408W – Online Fixed Rate Issue 11 to 21st June 2028 – Annual interest – payaway Find out more	£1000+	Annually	4.00	4.00	Not permitted during fixed rate period
3408X – Fixed Rate Issue 12 to 21st May 2031- Monthly interest – add to account Find out more	£1000+	Monthly	4.05	4.13	Not permitted during fixed rate period
3408Y – Online Fixed Rate Issue 12 to 21st May 2031- Monthly interest – payaway Find out more	£1000+	Monthly	4.05	4.13	Not permitted during fixed rate period
3408Y – Fixed Rate Issue 12 to 21st May 2031- Monthly interest – payaway Find out more	£1000+	Monthly	4.05	4.13	Not permitted during fixed rate period
3408X – Online Fixed Rate Issue 12 to 21st May 2031- Monthly interest – add to account Find out more	£1000+	Monthly	4.05	4.13	Not permitted during fixed rate period
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Tax treatment depends on individual circumstances and may be subject to change in the future

Fixed returns on your savings, ideal if you are looking for a regular income. A savings account allows you to earn money on your savings in the form of interest. Saving for a longer period means that your money grows quicker because you don’t just earn interest on the money you originally save, you also earn interest on the interest – this is known as ‘compound interest’.

Our Fixed Rate Savings accounts give you a regular income through interest earnt, but no withdrawals are allowed during the fixed rate period. 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. Interest options are subject to the individual product information and not available across all products.

Here to help
Not sure which account is right for you? Get in touch and our experienced staff will be happy to talk you through your options and help find the best fixed rate savings account for you.

How safe are your savings?
You may be worried that if you tie your money up in a savings account, it won’t be protected. However, the Financial Services Compensation Scheme is an independent body that serves as a last resort to cover most deposits, including savings, up to the value of £120,000. So, if for some reason your bank or building society failed, your money is protected by the FSCS.

The Society’s Bank Account details which are used for paying money in to your account electronically are as follows: 

Sort Code: 40-05-30
Account number: 74574915
Account type: Personal
Reference: Your Melton Building Society account number
Name on account

Gross rate is the contractual rate of interest payable without tax taken off.
AER stands for annual equivalent rate and shows what the rate would be if interest was paid and compounded each year. Because every advert for a savings product that quotes an interest rate will contain an AER, you can compare the return you can expect from your savings over time.