Instant access account from The Nottingham

Summary table

Account name

Branch Instant Issue 2.

What is the interest rate and is it fixed?

Annual interest 1.15% 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.

Will I be taxed on the interest?

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.

How much can I save in this account?

You will need £1 to open an account and the balance must not fall below that amount. You can invest as much as you like up to £750,000.

Can I withdraw money?

Yes, you can make as many unlimited penalty-free withdrawals as you wish.

How can I open an account with The Nottingham?

To open an account you must be 7+ and meet our ID requirements. Call your local branch and speak to an adviser who can book an appointment for you.

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. 

This account may be withdrawn at any time. You can read our savings terms and conditions here.

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. More information is available here.

Discuss your savings in a COVID-safe branch

To open an account, call your local branch and speak to an adviser. All our branches are COVID-safe and practice safe social distancing. Our advisers will be able to discuss any concerns you may have.

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

Current interest rates from 3 Oct 2022

Balance Gross p.a./AER*
£1 - £750,000 1.15%

Previous interest rates from 1 Sep 2022

Balance Gross p.a./AER*
£1 - £750,000 0.85%

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.

Savings FAQs

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