Instant access accounts
Pay in as and when you want. Benefit from instant access to your money
Five Access ISA
Interest rate gross/tax-free p.a./AER* Conditional bonus rate: 3.90%

Standard rate: 2.65%
Type of account
  • Instant access
  • ISA
Withdrawals Limited
Notice period None
Apply by Branch
Four Access Saver
Interest rate gross/tax-free p.a./AER* Conditional bonus rate: 3.90%

Standard rate: 2.65%
Type of account
  • Instant access
Withdrawals Limited
Notice period None
Apply by Branch
Easy Access ISA
Interest rate gross/tax-free p.a./AER* 2.65%
Type of account
  • Instant access
  • ISA
Withdrawals Unlimited
Notice period None
Apply by Branch
Branch Instant Issue 2
Interest rate gross/tax-free p.a./AER* 2.65%
Type of account
  • Instant access
Withdrawals Unlimited
Notice period None
Apply by Branch
Account Name Interest rate
gross/tax-free p.a./AER*
Type of account Withdrawals Notice period Apply by
Five Access ISA Conditional bonus rate: 3.90%

Standard rate: 2.65%
  • Instant access
  • ISA
Limited None Branch More details
Four Access Saver Conditional bonus rate: 3.90%

Standard rate: 2.65%
  • Instant access
Limited None Branch More details
Easy Access ISA 2.65%
  • Instant access
  • ISA
Unlimited None Branch More details
Branch Instant Issue 2 2.65%
  • Instant access
Unlimited None Branch More details

What is an instant access savings account?

An instant access account is a type of savings account with minimal restrictions, so you can reach your money as and when you need to. While the interest rate applicable is generally lower than some savings accounts, instant access savings accounts can be more flexible.

Types of instant access savings accounts

Here at The Nottingham, we offer a variety of different instant access savings accounts, including regular savers and savings accounts appropriate for children.

The benefits of an instant access savings account

While many savings accounts (like fixed term bonds) require you to deposit your money for a set amount of time, instant access savers make it easier for you to get to your money when you need it, without incurring penalties.

When the money in your account earns interest, you won’t be taxed on it providing it falls within your Personal Savings Allowance. If you earn over your Personal Savings Allowance however, it’s up to you to declare this directly to HMRC. Bonuses are still up for grabs on several of our instant access savings accounts although this might mean capping the number of withdrawals you make per year.

Things to consider before opening your account

The rate of interest your money earns in an instant access savings account is variable, so it can fluctuate according to rates in the wider economy. Although you can make withdrawals as often as you’d like with each of our instant access accounts, bonus payments are conditional on a maximum of two withdrawals per year.

Instant access saving account FAQs

How much can I save in an instant access account?

The amount you can save in an instant access account will depend on the type of instant access account it is. Some of our instant access savings accounts allow you to deposit up to £500 per calendar month. Other instant access accounts will allow you to save up to £750,000.

How often can you withdraw money?

You can make as many withdrawals as you’d like when it comes to instant access savings accounts. However, if your account has a payable bonus, your withdrawals could be limited per calendar year.

Is my money safe in an instant access account?

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.

When is interest paid on instant access accounts?

The date interest is paid depends which of our instant access savings accounts you go for and interest on our savings accounts are paid annually.

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.

Savings FAQs

Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.

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