Tax Free Savings

melton tax free savings accounts

Make the most of your tax free allowance with our cash ISAs.

Product name Minimum balance Interest paid Tax-free interest % AER % Withdrawals Add to brochure download
2402H – Fixed Rate ISA Issue 9 to 24th May 2028 – Branch & Postal Find out more £1000+ Annually 4.00 4.00 Early withdrawals are not permitted during the fixed rate period.
2402H – Fixed Rate ISA Issue 9 to 24th May 2028 – Online Find out more £1000+ Annually 4.00 4.00 Early withdrawals are not permitted during the fixed rate period.
2402J – Fixed Rate ISA Issue 10 to 21st May 2031 – Branch & Postal Find out more £1000+ Annually 4.05 4.05 Early withdrawals are not permitted during the fixed rate period.
2402J – Fixed Rate ISA Issue 10 to 21st May 2031 – Online Find out more £1000+ Annually 4.05 4.05 Early withdrawals are not permitted during the fixed rate period.
180 Day Notice Cash ISA Find out more £25 Annually 3.20 3.20 Withdrawals are allowed, subject to 180 days' notice
Easy Access ISA Issue 3 Find out more £1 Annually 3.50 3.50 Withdrawals are allowed
Online 180 Day Notice Cash ISA Find out more £25 Annually 3.20 3.20 Withdrawals are allowed, subject to 180 days' notice
Online Easy Access ISA Issue 3 Find out more £1 Annually 3.50 3.50 Withdrawals are allowed
Tax treatment depends on individual circumstances and may be subject to change in the future

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.