| Account name | Online 180 Day Notice (Annual Interest) | |
|---|---|---|
| What is the interest rate? |
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Interest, payable annually on 31 March, can be added to the account, transferred to your bank account or transferred to an existing Melton savings account. |
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| Can the Melton Building Society change the interest rate? | The interest rate is variable, which means we reserve the right to change the rate to reflect market conditions, to comply with legal or regulatory guidelines and to protect the Society’s long-term future. We’ll give you 14 days’ notice before making any change that would disadvantage you. For full details, please read our Terms and Conditions. |
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| What would the estimated balance be after 12 months based on a £1,000 deposit? | Based on the current rate of interest, if you deposited £1,000 in this account after 12 months, you would have £1,045.00. This figure is only an estimate, based on:
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances. |
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| How do I manage and open my account? | This account is only for UK resident individuals aged 16 or over. The account may be opened and operated by a maximum of four account holders. This account is for new and existing customers. Accounts can be opened online with a minimum amount of £1,000 and the maximum that can be held in this account is £250,000. You can manage your account online 24/7, via our website. |
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| Can I withdraw money? | Yes, you can withdraw money as long as you give us 180 days’ notice. By logging into your online account, you can transfer funds from your account to a nominated bank/building society account. You can also access your money without giving notice, but you will be charged 180 days’ interest on the amount you withdraw. The maximum amount you can withdraw in a day without giving notice is £25,000. If you close your account in the first 180 days, you might get less back than you deposited. Withdrawals are subject to the limits explained in our savings terms and conditions. |
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| Additional information | Please note, by opening this online savings account you accept and acknowledge:
This is a summary of the key features of this account. You will still need to read the general Savings Terms and Conditions. |
Please read our savings terms and conditions to ensure you understand this product’s features and conditions.
Apply Nowcoming soon
Call one of our friendly advisors on 01664 414141. Opening hours are 9:00am – 5:30pm Monday to Friday.
Leave your details and we will call you back.
Our branches will be closing early for training on the following dates.
Monday 2nd December at 12:00pm (Oakham and Stamford)
Wednesday 4th December at 12:30pm (Melton Mowbray)
Monday 9th December at 12:30pm (Grantham, Bourne, Stamford and Oakham)
Monday 9th December at 1:30pm (Melton Mowbray)
We apologise in advance for any inconvenience caused. On dates where only 1 or 2 branches are closed, all remaining branches will be open and operating at normal working hours.
On 7th of November 2024 the Bank of England’s Monetary Policy Committee (MPC) met and decided to decrease the Bank Base Rate by 0.25% to 4.75%.
As a result, we will be making the following changes:
Mortgages
Base Rate Tracker Mortgages to reduce by 0.25% with effect from Sunday 1st December 2024.
Standard Variable Rate (SVR) to reduce by 0.25% to 8.44% with effect from Saturday 1st February 2025.
Historic MBSL (Credit Repair) SVR to reduce by 0.25% to 8.94% with effect from Saturday 1st February 2025.
If you have any concerns about financial difficulty, please contact the Mortgage Services Team on 01664 414141 so we can help support you.
Savings
We are currently reviewing market changes following the recent announcement by the Bank of England and will communicate any changes once a decision has been made.
Please bear with us – our telephone lines may be busier than usual as we help our customers.
