Fixed Rate

Melton Building Society Fixed Rate Review

A three-year fixed rate bond from Melton Building Society, running for 34 months, with a £1,000 minimum deposit. It ranks 26th of 46 three-year fixed rate bonds we track.

Fixed rate · 34 months

4.60%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

How It Stacks Up

Ranks 26th of 46

3-year fixed bonds we track

Just below average
This account 4.60%
UK CPI (Aug 2026)
3.10%
Pays 1.50% more
Average 3-year fixed
4.66%
Pays 0.06% less
Best 3-year fixed
5.18%
Pays 0.58% less

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

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A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 34 months
  • Con: You need at least £1,000 to open it

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Estimated returns with Melton Building Society's Fixed Rate

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

Estimated interest

£1,000 saved

£136

At 4.6% AER

£5,000 saved

£679

At 4.6% AER

£10,000 saved

£1,359

At 4.6% AER

£50,000 saved

£6,795

At 4.6% AER

Estimated over the 34-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Melton Building Society Fixed Rate

Jan WatermannCo-Founder, DepositScout

Melton Building Society's Fixed Rate bond pays 4.6% and matures on 15 August 2029, so you are locking your money away for roughly four years with no access until then. That rate sits below the market average for fixed-rate bonds across all terms, and the best rate in that category is currently 5.35%, putting Melton 0.75% behind the leader. On the plus side, 4.6% does beat August 2026 CPI of 3.1% by 1.50%, so your money grows in real terms. You need at least £1,000 to open, and if a similar term suits you, Afin Bank's 3-Year Fixed Term Account is currently paying 4.86%.

Compare Fixed Rate Bonds

2 alternatives to Melton Building Society's Fixed Rate

Same type of account, closest on rate.

Common questions about the Fixed Rate

D

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4.20% AER
4.75%
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