| Branch Moneybuilder |    |
Our Branch Moneybuilder account gives you instant access to your
money, plus a fantastic bonus of 1% gross on your interest rate when you
leave it where it is.
Have the flexibility to take money out as often as you like, or earn a
bonus of 1% gross on your interest rate when you make no more than six
withdrawals in an interest year.
You can open an account at any branch with a minimum of £10 and
save up to £250,000. Pay money into your account at any branch using
your passbook, or by standing order from another account. Postal applications cannot be accepted.
| Summary Box | |
| Key product information for our Savings Account | |
| Account Name | Branch Moneybuilder |
| Interest rates (AER's) | Interest rates are variable. Our current rates of interest and bonuses are shown below or can be found in our 'Interest rate summary' leaflet. Alternatively you can call our 24 hour rateline on 0845 795 9666 |
| Tax status | Interest will be paid net of tax unless you have registered to receive it gross |
| Conditions for bonus payment | To earn the bonus, you can make a maximum of 6 withdrawals each interest year |
| Withdrawal arrangements | Instant access |
| Access | Branch |
Nottingham Building Society
Nottingham Building Society is a name you can trust. We have been helping people make the most of their money since 1850 and are now a top 20 building society. As a mutual organisation, we are run entirely for the benefit of our members. In contrast to high street banks, we do not have to maximise profits to pay dividends to shareholders. This means that extra benefits can be passed on
to our customers such as higher savings rates.
to our customers such as higher savings rates.
How much can I save?
You can open a Branch Moneybuilder account with £10. The maximum amount that you can pay into a Branch Moneybuilder account is £250,000. You will need to keep at least £10 in your account.
To pay money into your account all you need to do is take your passbook in to any branch with the amount you want to pay in. Our branches are conveniently located on local high streets and are open from 9am to 5pm Monday to Friday and from 9am to 12noon on Saturdays.
You can also pay money into your account from your bank account by standing order. Just ask us for a 'Bank Transfer' form when you open your account. We can update your passbook at any of our branches to show how much you have paid into your account.
If you receive a pension, you can have this paid directly into your Branch Moneybuilder account. We would be happy to help you arrange this with your pension provider.
To pay money into your account all you need to do is take your passbook in to any branch with the amount you want to pay in. Our branches are conveniently located on local high streets and are open from 9am to 5pm Monday to Friday and from 9am to 12noon on Saturdays.
You can also pay money into your account from your bank account by standing order. Just ask us for a 'Bank Transfer' form when you open your account. We can update your passbook at any of our branches to show how much you have paid into your account.
If you receive a pension, you can have this paid directly into your Branch Moneybuilder account. We would be happy to help you arrange this with your pension provider.
How often can I make withdrawals
You can have unlimited access to your money and you do not need to give us any notice to make withdrawals.
However, if you can limit the number of withdrawals to six a year (1 September to 31 August) you will qualify for a bonus of 1% on your interest.
When you need to take money out of your account just call into your local branch with your passbook. You can withdraw up to £250 in cash or £150,000 by cheque from your account each day.
However, if you can limit the number of withdrawals to six a year (1 September to 31 August) you will qualify for a bonus of 1% on your interest.
When you need to take money out of your account just call into your local branch with your passbook. You can withdraw up to £250 in cash or £150,000 by cheque from your account each day.
How much interest can I earn?
If you make no more than six withdrawals from your account a year you will earn a 1% bonus. This bonus is paid every year as long as you make six withdrawals or fewer during that year.
We will add your interest to the account each year on 1 September.
If you are a non tax-payer, we can pay your interest without any tax taken off. All you need to do is fill in a 'Getting your interest without tax taken off form. If you are not sure whether you should pay tax, you will need to get in touch with your local tax office as we cannot advise you on this.
We will add your interest to the account each year on 1 September.
If you are a non tax-payer, we can pay your interest without any tax taken off. All you need to do is fill in a 'Getting your interest without tax taken off form. If you are not sure whether you should pay tax, you will need to get in touch with your local tax office as we cannot advise you on this.
* Also called the repo rate.
Current interest rates from 01 December 2009
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*We will pay your interest with tax taken off at the lower rate of 20% (net interest). If you do not pay tax and have filled in an HM Revenue & Customs R85 form, we will not take tax off your interest (gross interest). Different forms will be needed to claim tax-free interest on our International, Charity, Corporate Deposit and Club accounts. Tax-free interest cannot be claimed on a Professional Client Deposit Account.
AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year.
+ The net rates shown assume income tax at the lower rate of 20% has been taken.
Interest rates are variable