Fixed Rate

Melton Building Society Fixed Rate Review

A two-year fixed rate bond from Melton Building Society, running for 22 months, with a £1,000 minimum deposit. It ranks 33rd of 63 two-year fixed rate bonds we track.

Fixed rate · 22 months

4.55%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

Monthly

How It Stacks Up

Ranks 33rd of 63

2-year fixed bonds we track

Just below average
This account 4.55%
UK CPI (Aug 2026)
3.10%
Pays 1.45% more
Average 2-year fixed
4.61%
Pays 0.06% less
Best 2-year fixed
5.16%
Pays 0.61% less

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

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: Your money is locked in for 22 months
  • Con: You need at least £1,000 to open it

Please verify all details with the provider – see our Disclaimer

See all Melton Building Society accounts

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

£84.99

At 4.55% AER

£5,000 saved

£425

At 4.55% AER

£10,000 saved

£850

At 4.55% AER

£50,000 saved

£4,250

At 4.55% AER

Estimated over the 22-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

Jonny PeaseCo-Founder, DepositScout

Melton Building Society's Fixed Rate bond pays 4.55% with interest monthly, which suits savers who want a regular income drip rather than a lump sum at the end. At 1.45% above CPI inflation of 3.1%, the rate does at least preserve real purchasing power, but it sits below the market average for fixed-rate accounts and 0.80% behind the current market leader at 5.35%. The money is locked until 16 August 2028 with no access at all, so if that timeline doesn't suit you, Kent Reliance's two-year fixed bond is worth a look at 4.91%.

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

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
View Best Rates
Live Market Tracking

Be the first to know when this Melton Building Society rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time