Cash ISA

Melton Building Society Fixed Rate ISA Review

A one-year cash ISA from Melton Building Society, with a £1,000 minimum deposit. It ranks 29th of 47 one-year cash ISAs we track.

Fixed rate · 11 months

4.35%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 29th of 47

1-year cash ISAs we track

Just below average
This account 4.35%
UK CPI (Aug 2026)
3.10%
Pays 1.25% more
Average 1-year cash ISA
4.37%
About the same
Best 1-year cash ISA
4.92%
Pays 0.57% 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 11 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

£39.80

At 4.35% AER

£5,000 saved

£199

At 4.35% AER

£10,000 saved

£398

At 4.35% AER

£50,000 saved

£1,990

At 4.35% AER

Estimated over the 11-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

Jan WatermannCo-Founder, DepositScout

Melton Building Society's Fixed Rate ISA pays 4.35% until maturity on 22 September 2027, which at least beats CPI inflation by 1.25% based on August 2026 figures. That said, it sits below the cash ISA market average and trails the category leader by 0.77%, so it is not a standout rate. The real catch is that you cannot access your money until maturity, so it suits savers who are confident they will not need the funds. You need at least £1,000 to open it and transfers in are accepted.

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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