Fixed Rate Cash ISA to 21st October 2026

Interest is calculated on a daily basis and added to the account annually on 31^st March.

The interest rate is fixed for the term of the investment, until 21^st October 2026.

For full details, please read our Savings Terms and Conditions.

Based on the current rate of interest, if you deposited £1,000 in this account, at the end of the term 21^st October 2026 you would have £1,046.00.

These figures are only an estimate, based on:

• an opening date of 1^st September 2025
• no additional deposits
• no withdrawals being made
• no rate changes in that time with all interest being added to your account

These illustrations are just an example to help you compare accounts. It does not take into account any individual circumstances.

To open an account, please see how to apply below.

This account is only for UK resident individuals aged 18 or over with the exception for certain Crown employees, their spouse or registered civil partner for example a member of the UK armed forces, a civil servant or a diplomat.

Initial deposits into this account must be made within 30 days from account opening.

Accounts can be opened with a minimum amount of £1,000 and the maximum that can be held in this account is £500,000. You may invest up to the maximum cash ISA limit in a single tax year.

From 6th April 2025 the overall ISA subscription limit for 2025-26 will be £20,000. New subscriptions can be split in any proportion between cash and stocks and shares ISAs as the saver chooses.

Withdrawals have no effect on the subscription limits. This means that once the limit has been reached for the tax year you cannot make any further investments in that year regardless of any withdrawals made.

Transfers in are accepted, please see our ISA Transfer Hub on our website to find out how.

Please note that we do not allow transfers of stocks & shares ISAs.

ISA rules:

• Investments must be in your sole name only
• You must be resident and ordinarily reside in the UK
• You will be and must remain in beneficial ownership of the investment and it must not be used as security for a loan
• The Society will notify you, if by reason of any failure to satisfy the provisions of the ISA Regulations, your cash ISA has, or will, become void
• In the event of death, any interest due up to the date of death will qualify for income tax exemption, but not thereafter as the account will cease to be an ISA
• In the event of death on or after 6th April 2025, the account will be designated as a "continuing account of a deceased investor”, or "continuing ISA" and interest accrued before and after date of death will be exempt from tax. The ISA will continue until either:
  a) the completion of the deceased's estate
  b) the day after the 3rd anniversary of the investor's death
  c) the closure of the account.
• In the event of you opening a cash ISA, the application remains valid for subscriptions made in the next and consecutive years. However, where a break between subscriptions lasts for a whole tax year, we will need a fresh application before subscriptions can recommence.
• In the event that Melton decide to delegate any of our functions or responsibilities as an ISA manager, we will satisfy ourselves that the selected provider is able to carry out these functions in line with these terms.

No, early withdrawals are not allowed during the fixed rate term, however you can close your account.

Should you close your account in the fixed rate term, you will be subject to an interest penalty charge of 90 days’ interest. If you close your account in the first 90 days, you might get less back than you deposited. As withdrawals are not allowed should you need to access your money during the fixed rate term your account must be closed, and all your money withdrawn.

Transfers out - if we receive an ISA transfer request for your ISA from a new provider, we will send the cash and accompanying information within 5 business days of receipt. ISA transfers during the fixed rate term are subject to a penalty charge of 90 days’ interest.

Fixed rate maturity process – the Society will write to you 14 days before the date of maturity to set out your options. You will be invited to reinvest your maturing funds into an alternative product, transfer to an existing Melton Building Society account or withdraw the balance. If we do not receive your instructions before the date of maturity, your money will default into Easy Access ISA account. If your funds are automatically reinvested into our Easy Access ISA account, you can access your money without providing notice. We will help you switch to another account, or we will give all your money back with any interest it has earned.

This is a summary of the key features of this account. You will still need to read the general Savings Terms and Conditions.