Postal Savings
| Product name | Minimum balance | Interest paid | Gross interest % | AER % | Withdrawals | Add to brochure download | |
|---|---|---|---|---|---|---|---|
| £1,000+ | Annually | 3.25 | 3.25 | Limited to 3 withdrawals per calendar year | |||
| £500+ | Annually | 3.45 | 3.45 | 180 days' notice | |||
| £1000+ | Annually | 4.10 | 4.10 | Not permitted during fixed rate period | |||
| £1000+ | Annually | 4.20 | 4.20 | Not permitted during fixed rate period | |||
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Here to help
Not sure which account is right for you? Get in touch and our experienced staff will gladly talk you through your options and help find the best savings account for you.
How safe are your savings?
You may be worried that if you tie up your money 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 building society failed, your money would be 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.
