Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each making a total of £100,000. The £50,000 limit relates to the combined amount in all the eligible depositor’s accounts with the building society, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300.

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Melton online savings savings accounts children's savings accounts tax free savings accounts how to apply interest rates previous rates savings terms & conditions checking your identity contact us general information loyalty saver The Melton, as a mutual building society, has introduced a Loyalty Saver account to recognise and reward our loyal members.  When we say loyal members we have used a minimum period of 12 months membership as the trigger to enable you to open this account.  Summary Box Key Product Information for our Savings Account(s) Account Name Loyalty Saver Interest Rates (AERs) See separate interest rate table Tax Status Net of Income Tax unless you have registered to receive this gross Conditions for Bonus Payment n/a Withdrawal arrangements 60 days’ notice or immediate access with 60 days’ loss of interest Access Branch, agency or post what is the minimum and maximum balance? You can open a Loyalty Saver with a minimum of £1,000, the balance must not fall below this amount, and you can save up to a maximum of £250,000 in this account.  how long do I have to have been a member to be able to open an account? The account can be opened in your sole name or joint names, but the account holder for a sole account or the first named in respect of a joint account must have been a member of the Melton for at least 12 months.  You can only hold one Loyalty Saver account at any one time, regardless of whether this is a sole or a joint account. how do I make withdrawals? You can either give 60 days' notice of your intention to withdraw your funds, or you can withdraw immediately with the loss of 60 days' interest.  You can make withdrawals by visiting a branch or agency of the Society or by forwarding your passbook with written instructions to us (subject to the limits explained in our savings terms and conditions). Interest that has been compounded may be withdrawn without notice or penalty. what about interest? Interest is paid annually on 30 June and will be added to your account.  The interest rates are variable and current details are shown below and on the interest rates page. balance interest paid gross interest gross AER net interest net AER From 1 Nov 2009 £1000+ Annually 1.85 1.85 1.48 1.48 instant access share 30 day notice loyalty saver DLRAA affinity cash ISA 0216 savers online easy save online 30 day notice online loyalty saver home about us news careers