| Product name | Minimum balance | Interest paid | Tax-free interest % | AER % | Withdrawals | Add to brochure download | |
|---|---|---|---|---|---|---|---|
| £1000+ | Annually | 4.00 | 4.00 | Early withdrawals are not permitted during the fixed rate period. | |||
| £1000+ | Annually | 4.00 | 4.00 | Early withdrawals are not permitted during the fixed rate period. | |||
| £1000+ | Annually | 4.05 | 4.05 | Early withdrawals are not permitted during the fixed rate period. | |||
| £1000+ | Annually | 4.05 | 4.05 | Early withdrawals are not permitted during the fixed rate period. | |||
| £25 | Annually | 3.20 | 3.20 | Withdrawals are allowed, subject to 180 days' notice | |||
| £1 | Annually | 3.50 | 3.50 | Withdrawals are allowed | |||
| £25 | Annually | 3.20 | 3.20 | Withdrawals are allowed, subject to 180 days' notice | |||
| £1 | Annually | 3.50 | 3.50 | Withdrawals are allowed | |||
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Make the most of your tax free allowance with our cash ISAs. An ISA is an Individual Savings Account. They are a tax-efficient way to save money as you pay no tax on the interest you earn.
A Cash ISA (Individual Savings Account) is an investment which enables annual sums to be saved and on which interest is paid free of tax. However, it is not possible to state that favourable tax treatment will be maintained indefinitely as it is the government and not the Society who is responsible for the tax treatment.
Take a look at our All About ISAs page
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 tax free 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
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and added each year.
These are tax-free accounts so interest payable is exempt from income tax. The tax treatment may be subject to change and depends upon your individual circumstances.