Glossary of savings terms

Free, impartial financial support

We believe that access to impartial guidance is important for your financial well-being. That's why we're thrilled to highlight the invaluable resource of free independent guidance available through MoneyHelper, who serves as a beacon of support for individuals seeking clarity and direction in their financial journey. Their wealth of resources and expertise aim to empower you as well as support you during difficult times.

Personal savings allowance

Your personal saving allowance is the amount of interest you can earn before paying tax. Find out more and see how you can save more with The Nottingham.

Savings accounts FAQs

Whether you’re saving for a big purchase or simply for a rainy day, saving money can be a good habit to get into. That’s why you may like to have at least one savings account that you can deposit money into.

Confirmation of Payee

Confirmation of Payee (CoP) is a service which has been designed to confirm if a payment is being sent to the right person and will alert you if something is wrong.