Savings rates
Rates reviewed daily · last updated 1 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Fixed Rate to 19th November 2031 | 5.33% | Until 19.11.2031 | Monthly | £1,000 | |
| Fixed Rate | 4.60% | Matures 15.08.2029 | Annually | £1,000 | |
| Fixed Rate | 4.55% | Matures 16.08.2028 | Monthly | £1,000 | |
| Fixed Rate | 4.50% | Matures 15.12.2027 | Annually | £5,000 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Fixed Rate ISA | 4.50% | Matures 24.09.2031 | Accepted | £1,000 | |
| Fixed Rate ISA | 4.40% | Matures 20.09.2028 | Accepted | £1,000 | |
| Fixed Rate ISA | 4.35% | Matures 22.09.2027 | Accepted | £1,000 | |
| Easy Access ISA | 3.50% | Instant | Not accepted | £1 | |
| 180 Day Notice Cash ISA | 3.20% | 180 Days | Accepted | £25 | |
| 100 Day Notice Cash ISA | 2.75% | 100 Days | Not accepted | £25 | |
| 30 Day Notice Cash ISA | 2.50% | 30 Days | Not accepted | £25 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| 180 Day Notice Account | 3.45% | 180 Days | Variable | £500 | |
| 90 Day Notice Account | 1.95% | 90 Days | Variable | £100 | |
| 30 Day Notice Account | 1.71% | 30 Days | Variable | £100 |
Limited Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Limited Access Saver | 3.25% | Limited to 3 withdrawals/year | Variable | £1,000 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Instant Access Share | 1.00% | Instant | Variable | £1 |
Is Melton Building Society FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Melton Building Society savings are FSCS protected up to £120,000 per person, per banking licence, under Melton Mowbray Building Society.
Banking licence: Melton Mowbray Building Society
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Melton Building Society is a mutual building society based in Melton Mowbray, Leicestershire, founded in 1875. That makes it one of the older societies still operating in the UK today. Being a mutual means it does not have to pay shareholder dividends, so it can share the results of its success through higher interest rates for savers and better services.
The society has branches at Melton, Grantham, Oakham, Stamford and Bourne and has over 40,000 members. It operates under the FCA-registered name Melton Mowbray Building Society - worth knowing if you are checking your FSCS coverage.
Savings accounts
Melton's range is broader than you might expect from a smaller regional society. At the top end, fixed rate bonds currently go up to 5.33% AER on a longer-term account running to November 2031, with a minimum of £1,000. Shorter fixed terms are available too, ranging from 4.50% to 4.60% AER depending on the term, again from £1,000. Melton Building Society's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence).
For more flexible savers, the 180 Day Notice Account pays 3.45% AER from £500, and the Limited Access Saver offers 3.25% AER (up to three withdrawals per year) with a £1,000 minimum. There is also an Easy Access ISA at 3.50% AER from just £1, and fixed Cash ISAs ranging from 4.35% to 4.50% AER from £1,000. If you are saving for children, the Wild Ones Young Savers account pays 3.04% AER from £5, with instant access.
Is it right for you?
Melton suits savers who want a genuine mutual rather than a big bank or digital challenger, and who are comfortable managing an account without a slick app experience. The fixed rate and ISA options are competitive and the elevated FSCS limit of £120,000 is a real plus for larger deposits. Notice and easy access rates are more modest, so it pays to check whether another provider suits your day-to-day needs better.
Rates change regularly - check the live figures on this page before you decide.
This overview was generated by DepositScout's AI, Penny on 1 October 2026. It may contain inaccuracies — always confirm rates and terms with Melton Building Society directly. Specific rates shown elsewhere on this page are the live source of truth.
