Account Name Interest rate
gross/tax-free p.a./AER*
Type of account Withdrawals Notice period
Triple Access Saver Standard rate: 2.20%

Conditional bonus rate: 3.45%
  • Instant access
Limited None More details
Easy Access ISA 2.20%
  • Branch based
  • Instant access
  • ISA
Unlimited None More details
Branch Instant Issue 2 2.20%
  • Instant access
Unlimited None More details
Young Savers' Club 3.35%
  • Children's
  • Instant access
Unlimited None More details

Find out more about instant access accounts

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. To find out more, ask at your local branch or go to

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.

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.

Glossary of savings terms

Ever wondered what AER actually is? Or what CHAPS stands for? We're busting the jargon in our savings terms glossary.