Account Name Interest rate
gross/tax-free p.a./AER*
Type of account Withdrawals Notice period
Fixed Rate ISA Issue 72
Fixed until 14th Dec 2022
0.30%
  • ISA
  • Fixed rate
  • Fixed term
  • Limited access
Limited No withdrawals but transfers out to other ISA providers subject to 180 days' loss of interest More details
Fixed Rate ISA Issue 73
Fixed until 14th Dec 2023
0.40%
  • ISA
  • Fixed rate
  • Fixed term
  • Limited access
Limited No withdrawals but transfers out to other ISA providers subject to 180 days' loss of interest More details
Fixed Rate ISA Issue 68
Fixed until 14th Oct 2024
0.55%
  • ISA
  • Fixed rate
  • Fixed term
  • Limited access
Limited No withdrawals but transfers out to other ISA providers subject to 180 days' loss of interest More details
Junior ISA 0.60%
  • ISA
  • Children's
  • Term account
No access until the child is 18 None More details
Easy Access ISA 0.10%
  • Branch based
  • Instant access
  • ISA
Unlimited None More details

What is a cash ISA?

A cash ISA is a savings account, but unlike some other savings accounts you don’t pay tax on the interest you earn. Cash ISAs can be attractive to people who normally pay tax on their savings, and you can open a cash ISA as long as you are a UK resident over 16 years of age.

Types of cash ISA

There are many different cash ISAs available – the most popular are:

Easy access ISA 
 – with an easy access ISA, you can make as many withdrawals as you’d like

Junior ISA – a long-term, tax-free savings account for children, a Junior ISA is available for children ages 18 and under

Fixed rate ISA – a fixed rate ISA means you’re agreeing to lock your savings away for a set amount of time, but you’re also receiving a fixed rate of interest during that time. There’s a range of fixed rate ISAs available at The Nottingham 

Notice ISA – with a notice ISA, you’ll have access to your savings by giving a notice period, and, if you need to, you can make emergency withdrawals subject to an interest charge.


Cash ISA FAQs

What is the cash ISA limit?

Each tax year (6th April-5th April) there’s a limit on how much money you can put into your ISAs. For the 2021/22 tax year, the limit is £20,000.

How many cash ISAs can I have?

You can have more than one ISA, but you can’t pay into more than one cash ISA per tax year. Some ISAs will allow you to transfer previous tax years savings into a new ISA.

Is my money safe in a cash ISA?

Yes, your money is safe in one of our regular savings accounts. The Financial Services Compensation Scheme (FSCS) is there to protect your money if your financial services provider goes out of business; you’ll normally get your money back within seven days. All of our savings accounts are FSCS protected up to £85,000 per depositor. FSCS is funded by the financial services industry, and is free to consumers. To find out more, ask at your local branch or go to FSCS.org.uk.

Can I withdraw my money whenever I want?

This entirely depends on the terms and type of cash ISA you have. This will determine how often you can withdraw money, whether you will be charged to withdraw and how much interest you’ll lose (if any).

Can I take money out of a cash ISA and put it back in again?

This is dependent on the type of ISA that you have. If your ISA is ‘flexible’, you can take out cash then put it back in during the same tax year, unless you are over your annual limit. If your cash ISA isn’t flexible then you won’t be able to replace any money that’s been withdrawn.






For ISAs

*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also 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. Interest rates are variable unless otherwise stated.

For non ISAs

*We will pay your interest without tax taken off. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was re-invested in the account each year. Interest rates are variable unless otherwise stated.

How do I open an account?

To open one of our savings accounts call your local branch to speak to an adviser. They'll talk you through the process of opening a branch based account.

ISA guide

Our ISA guide will explain what a cash ISA is, how much money you can deposit each year and which types of ISA are available to you plus much more.

Types of savings accounts

With so many different types of savings accounts, it can be difficult finding the right one for you. Our savings guide explains the different accounts.