Cash ISA

Melton Building Society Fixed Rate ISA Review

A two-year cash ISA from Melton Building Society, with a £1,000 minimum deposit. It ranks 26th of 44 two-year cash ISAs we track.

Fixed rate · 23 months

4.40%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

No limit

Access

At maturity only

Interest paid

Annually

Transfers in

Accepted

How It Stacks Up

Ranks 26th of 44

2-year cash ISAs we track

Below average
This account 4.40%
UK CPI (Aug 2026)
3.10%
Pays 1.30% more
Average 2-year cash ISA
4.50%
Pays 0.10% less
Best 2-year cash ISA
5.05%
Pays 0.65% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare cash ISAs

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 23 months
  • Con: You need at least £1,000 to open it

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Estimated returns with Melton Building Society's Cash ISA

What you could earn with Melton Building Society's Fixed Rate ISA.

Estimated interest

£1,000 saved

£86.03

At 4.4% AER

£5,000 saved

£430

At 4.4% AER

£10,000 saved

£860

At 4.4% AER

£50,000 saved

£4,302

At 4.4% AER

Estimated over the 23-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Melton Building Society Fixed Rate ISA

Jonny PeaseCo-Founder, DepositScout

Melton Building Society's Fixed Rate ISA pays 4.4% until maturity in September 2028, which at least beats CPI inflation by 1.30% at current rates of 3.1%. The catch is straightforward: no access until maturity, so this suits savers who are confident they won't need the money for the full term. At 0.72% below the Cash ISA market leader's 5.12%, the rate sits below the market average, and if flexibility matters, the Hargreaves Lansdown HL Cash ISA currently offers 4.52% with easier access.

Compare Cash ISAs

2 alternatives to Melton Building Society's Fixed Rate ISA

Same type of account, closest on rate.

Common questions about the Fixed Rate ISA

D

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4.20% AER
4.75%
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