Melton Mowbray increases Affinity rate | Product News - Moneyfacts

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Melton Mowbray increases Affinity rate

Melton Mowbray increases Affinity rate

Category: Savings
Date: 29/07/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

This latest review sees Melton Mowbray Building Society significantly increase the rate on its Air Ambulance Affinity Account by up to 1.65%, as well as changing the terms to 90 days' notice.

The basics…

Now paying 1.75% monthly on a minimum investment of £25, the DLRAA Affinity Account tops the monthly account sector for its terms as well as being amongst the market leaders in the notice sector. Savers should note that this is no longer an instant access account.

The finer details…

The account can be opened and operated in branch or by post. Further additions are welcome at any time, and withdrawals are also permitted subject to 90 days' notice being given. Earlier access won't be allowed.

There will also be a 1.00% donation made to Derbyshire, Leicestershire and Rutland Air Ambulance (DLRAA) once a year on 31 December (1.00% of the total interest paid yearly, capped at £10,000).

Why we like it…

Melton Mowbray's review sees its notice account sit comfortably in the best buy tables, while its charitable element will have added appeal to those wanting to help a good cause.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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