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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 Gross Interest % AER % Withdrawals Add to brochure download
Easy Access ISA £25+ Annually 0.80 0.80 Easy Access
100 Day Notice Cash ISA (Issue 2) £25+ Annually 1.00 1.00 100 days' notice or immediate access with loss of 100 days' interest
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.

We have two ISA savings accounts – an easy access Cash ISA and a 60 Day Notice Cash ISA

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 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 £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