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Fixed Rate Savings

An ideal account if you are looking for a fixed return from your savings.

 

Product Name Minimum Balance Interest Paid Gross Interest % AER % Withdrawals Add to brochure download
Fixed Rate Savings to 28 July 2027 (Annual Interest) £1,000+ Annually 2.75 2.75 Not permitted during fixed rate period
Online Fixed Rate to 28 July 2027 (Annual Interest) £5,000+ Annually 2.75 2.75 Not permitted during fixed rate period
Fixed Rate Savings to 30 October 2024 (Annual Interest) £5,000+ Annually 2.40 2.40 Not permitted during fixed rate period
Fixed Rate Savings to 30 October 2024 (Monthly Interest) £5,000+ Monthly 2.37 2.40 Not permitted during fixed rate period
Online Fixed Rate to 30 October 2024 (Annual Interest) £5,000+ Annually 2.40 2.40 Not permitted during fixed rate period
Online Fixed Rate to 30 October 2024 (Monthly Interest) £5,000+ Monthly 2.37 2.40 Not permitted during fixed rate period
Fixed Rate Savings to 27 September 2023 (Annual Interest) £1,000+ Annually 2.20 2.20 Not permitted during fixed rate period
Online Fixed Rate to 27 September 2023 (Annual Interest) £5,000+ Annually 2.20 2.20 Not permitted during fixed rate period
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.

Take a look at our Handy Guide to making the most of your savings.

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 £85,000. 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

Beneficiary*:  Melton Mowbray Building Society

Reference/Account Number:  You must quote your full account number (i.e. ABC1234567DEF) to ensure that the funds reach your account.

*Not all Banks or Building Societies will require this.

Following the Bank of England Base Rate increases, our Standard Variable Rate is due to increase from 4.99% to 5.39% with effect from 1st June 2022.

Please also bear with us as our telephone lines will be busier as we help our customers