Easy Access

Melton Building Society Instant Access Share Review

An easy access account from Melton Building Society. It ranks 136th of 152 easy access accounts we track.

Variable rate

1.00%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Monthly

How It Stacks Up

Ranks 136th of 152

Easy access accounts we track

Well below average
This account 1.00%
UK CPI (Aug 2026)
3.10%
Pays 2.10% less
Average easy access
2.83%
Pays 1.83% less
Best easy access
5.00%
Pays 4.00% less

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

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 3.55% more than this Melton Building Society account
  • Instant access, open with £10
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A Good Fit For

  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with Melton Building Society's Easy Access

What you could earn with Melton Building Society's Instant Access Share.

Estimated interest

£1,000 saved

£10.00

At 1% AER

£5,000 saved

£50.00

At 1% AER

£10,000 saved

£100

At 1% AER

£50,000 saved

£500

At 1% AER

Estimated over one year, 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 Instant Access Share

Jan WatermannCo-Founder, DepositScout

The Melton Building Society Instant Access Share pays 1%, which is 4.00% below the easy access market leader at 5.00% and sits below the market average for this category. At current CPI of 3.1%, the rate is also 2.10% behind inflation, meaning your money loses real value over time. The account opens from just £1 with instant access, so it suits someone who wants a membership share in the society rather than a competitive return. If the rate matters more, Kent Reliance Branch Easy Access Saver at 3.20% or Tandem Bank Instant Access Saver at 3.40% are worth a look.

Compare Easy Access Accounts

2 alternatives to Melton Building Society's Instant Access Share

Same type of account, closest on rate.

Common questions about the Instant Access Share

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%
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