Our Fixed Rate ISA is perfect if you’re looking to transfer your ISA savings to earn a better interest rate. You can also pay in new ISA subscriptions too. This is a limited issue account so you will need to act quickly. Pop into your local branch today.

Summary Box
Key product information for our Savings Account
Account Name	Fixed Rate ISA (Issue 2)
Interest rates (AER's)	3.40% tax-free* p.a./AER** fixed to 1 June 2013
Tax status	Tax-free
Conditions for bonus payment	No bonus payable
Withdrawal arrangements	You can transfer to another ISA provider with a charge of 180 days' interest on the amount transferred. No other types of withdrawal are allowed.
Access	Branch

Your interest
You will earn a guaranteed rate of 3.40% tax-free p.a./AER until the 1 June 2013.
We’ll add your interest to your account on 1 June 2010, 1 June 2011, 1 June 2012 and 1 June 2013 and send you an interest statement each June until your account matures. You’ll be able to withdraw your interest when the account matures.

Paying money in
You can pay in any previous ISA savings whether from another ISA provider or a Nottingham Building Society ISA. If you move ISA funds that you have saved in past tax years, this won’t affect your ISA limit for the 2010/2011 tax year.

To transfer funds from another ISA provider, all you need to do is complete an ISA transfer authority form. There’s no need to tell your current ISA provider that you are moving your money, we’ll do that for you and arrange the transfer.

You will start to earn interest on the amount you transfer from the day after we receive the transfer cheque from your current ISA provider. Unfortunately, we cannot tell you how long the transfer process will take. However, your current ISA provider is obliged, under HMRC (HM Revenue and Customs) guidelines, to complete the transfer within 30 days of receiving the request from us.

As this is a limited issue account, which could be withdrawn without notice, we advise you to complete your transfer form as soon as possible as forms received after the account has been withdrawn will not be accepted. You can also pay in your 2010/11 tax year ISA allowance of up to £5,100 whilst the account is available.

Please note that as this ISA is a limited issue, we may withdraw it from sale without notice.
We would advise you to pay in as much as you can of your 2010/2011 allowance when you
open your account, as you won’t be able to add to your account once it’s been withdrawn.
If you don’t fund your account with your full £5,100 allowance, you’ll limit the amount you can hold in a cash ISA in the 2010/2011 tax year.

Taking money out
You cannot make withdrawals except for transfers to other ISA providers. You can transfer funds in full or in part to another ISA provider at any time.

We will charge 180 days’ interest on the amount you transfer. As we don’t allow any other types of withdrawals you need to be sure you won’t need to access your money during the fixed rate term.

Maturity
When your account matures on 2 June 2013, the balance will be transferred to our variable rate instant access Cash ISA account or the nearest equivalent.

Further information
• Like many ISA providers, The Nottingham has chosen not to offer this account as a stakeholder ISA
• If you change your mind about opening this account, don’t worry – just let us know within 14 days of opening it and we’ll give you your money back, free of charge
• If you would like to use your maximum ISA allowance (£10,200) by investing in a stocks and shares ISA too, we can offer this through our financial planning service.


Opening an account
• You need £5,000 to open an account which can be any combination of previous years’ ISA savings and new 2010/2011 tax year ISA savings (up to £5,100)
• To open an account you must be a UK resident aged 16 or over
• You can only fund one cash ISA account per tax year and you cannot open an ISA in joint names
• Opening an account is easy. Just speak to one of advisers to make sure this account is right for you
• You’ll need to fill in an application form and an ISA transfer form. If you are new to Nottingham Building Society we’ll also need to see proof of your identity and permanent address.

 

 

*Interest will be paid free of UK income tax. The tax treatment of ISAs may change. **AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year.

 

Nottingham Building Society is a member of the Building Societies Association and the Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Authorised and regulated by the Financial Services Authority.

Nottingham Building Society is an introducer to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Services Authority.

Nottingham Building Society is a member of the Building Societies Association and the Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Authorised and regulated by the Financial Services Authority.

Nottingham Building Society is an introducer to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Services Authority