Glossary of savings terms

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.