Fixed rate ISA
4.21% tax-free p.a./AER

2 year fixed rate ISA

Our 2 Year Fixed Rate ISA is fixed until 30th November 2026. You can pay in as much as you like up to the annual ISA allowance (£20,000 for the current tax year) while the issue is open. This is a limited issue, branch based account which could be withdrawn at any time.

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Account name

2 Year Fixed Rate ISA 203.

What is the interest rate and is it fixed?

Annual interest is 4.21% tax-free p.a./AER* and is fixed until 30/11/2026. The interest on this account is fixed, which means the rate can’t be changed during the fixed period.

Will I be taxed on the interest?

No, the interest you'll receive will be tax-free.

How much can I save in this account?

You will need £500 to open an account and the balance must not fall below that amount. You can pay in as much as you like up to the annual ISA allowance (£20,000 for the current tax year) while the issue is open. You can also make unlimited transfers (either part or entire balances) of previous ISA subscriptions from any bank or building society up to £750,000.

Can I withdraw money?

No, however you are permitted to transfer the total balance of this account to a new ISA provider during the fixed rate period. Transfers out are subject to a charge equivalent to 180 days' interest.

How can I open an account?

To open an account you must be 16+ and meet our ID requirements. Call your local branch and speak to an adviser who can book an appointment for you.

Are my savings protected?

Your eligible deposits with Nottingham Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

Additional information

This account may be withdrawn at any time. There are other savings accounts available with Nottingham Building Society and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point. You can read our savings terms and conditions here.

See more fixed rate accounts

Current interest rates from 12 Sep 2024

Balance Tax-free p.a/AER*
£500 - £750,000 4.21%

Good to know

Your savings are covered by the Financial Services Compensation Scheme (FSCS), so your savings are protected. The scheme was set up by the government and is funded by the industry. Savers could get up to £85,000 if their bank or building society goes out of business.

Find out more

Who are Nottingham Building Society?

As a mutual building society, you own us, not shareholders. That means we pass our profits and extra benefits directly to you instead of paying dividends.

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.