Melton Building Society: Easy Access Account

The interest rate applicable to your deposit is variable.Should Melton Building Society set a date to lower the interest rate, you will be given a minimum of14 days’ notice. If Melton Building Society set a date to increase the interest rate, customers will benotified within 30 days of the increase.Please review the Raisin Trust Terms and Conditions for more information.

The estimated balance after 12 months on a deposit of £1,000 is £1,040.02. This projection is for illustrative purposes only and does not take into account individual circumstances.

To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must: ● Be a UK resident who is aged 18 or over ● Hold a UK bank or building society account from which you will fund your application ● Have a valid mobile phone number and email address ● Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check. The minimum amount you can deposit is £1000, and the maximum amount you can deposit is £85,000 (per product and institution). You can only manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, email or in writing using the contact details provided in the Raisin UK Terms & Conditions. Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.

Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within Raisin UK. Please see Raisin Trust Terms and Conditions for more information.If termination is received on a non-business day (either weekend or public holiday), the termination will be initiated on the next business day. Once termination has been requested it can’t be revoked.

Raisin Platforms Limited (RPL) will administer the deposit on your behalf and act as Bare Trustee. Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Melton Building Society by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Aviva Save account. All cash in transit and deposits once established, will be administered by RPL and held by RPL in trust for you. You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account.  For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.