Online Homesave Account - Melton Mowbray

Online Homesave Account

Melton Mowbray
1 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 1 min monthly deposit
Unlimited max monthly deposit
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 1 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 100
Minimum Monthly Deposit: £ 1
What happens if you miss a payment: If the customer saves a minimum of £100 per month for 12 months, customers will be eligible to apply for a Melton mortgage without having to pay an application or completion fee.
Date account was introduced: 22 Apr 2014
Date of last rate changed: 22 Apr 2014
Maximum rate change: -0.26 %

This account may be appropriate for you if

  • Your are happy to give 30 days notice before accessing your money
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1001.00%1.00%1.00%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: monthly
Statement Frequency: on request
Additional Deposits: Not allowed
Standing Orders: Allowed

Withdrawals

Withdrawal Conditions: Withdrawals are permitted subject to 30 days' notice. Instant access withdrawals are permitted if the balance is being withdrawn as a deposit to use against a Melton Mowbray mortgage. Closure terms are the same as withdrawal terms.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are permitted subject to 30 days' notice. Instant access withdrawals are permitted if the balance is being withdrawn as a deposit to use against a Melton Mowbray mortgage.
Free Withdrawal Conditions: Withdrawals are permitted subject to 30 days' notice. Instant access withdrawals are permitted if the balance is being withdrawn as a deposit to use against a Melton Mowbray mortgage.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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