Branch Instant Issue 2

Our Branch Instant account gives you control over your savings with instant access to your money when you need it.

Account details

  • Instant access to your savings whenever you need it


  • Just £1 to open


  • Branch only savings offer 


  • Minimum age 7


Summary table

Account name

Branch Instant Issue 2

Interest rates (AERs)

Annual interest 0.10% gross rate p.a./AER*
The interest on this account is variable, this means that it can go up or down. The basis on which we might change your interest rate is set out in our terms and conditions

Tax status

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

Conditions for bonus payments

No bonus payable

Withdrawal arrangements

Instant access

Access

Branch

Additional information

There are other savings accounts available with The Nottingham and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point

Key product information

Download key product information

Want to discuss one of our savings products?

Visit a branch or call our customer service team to find out more about our accounts

Your savings are 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.

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  • Rates & account details
  • Managing your account
  • Opening an account

Your interest


We will pay your interest on 1st September each year. We can pay it straight into your Branch Instant Issue 2, into another account with The Nottingham or into another bank or building society account. Just let us know on your application form what you’d prefer us to do.


Paying money in

You can pay money into your account either in person at any of our branches using your passbook or by standing order from another account.

Taking money out

You can have instant access to your savings whenever you need it. However, you must keep at least £1 in your account at all times.

How to open

To open an account you must:

Call your local branch and speak to one of our advisers and find out how you could benefit from a savings account.

Use our savings calculator to find out how your savings might grow over the months.

Exclusive rewards for members

We're committed to helping you save money, buy your own home and plan for a more secure financial future - whatever challenges life throws. If you have a savings balance of at least £500, and either have held one of our savings accounts for at least the last 12 months or currently have a Nottingham Building Society mortgage, you can benefit from a range of offers.

Current interest rates from 23 Oct 2017

Balance Gross rate / AER* Net rate+
£1 - £750,000 0.10% 0.08%
*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.

+The net rate(s) shown assume(s) income tax at the lower rate of 20% has been taken off.   

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If you would like to find out more about our products then call in to your nearest branch and talk to us about how we can help you.

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