Is it safe? / Melton BS
Is Melton BS safe?
Yes — Melton BS is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Melton Building Society banking licence (Melton Building Society (mutual)).
Protection
FSCS to £120,000
Licence holder
Melton Building Society
Parent company
Melton Building Society (mutual)
Melton BS's current savings rates
- Fixed Rate Issue 32 to 19th November 20315.33% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.