What is the interest rate and is it fixed?

Annual interest is 2.30% gross 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 penalty-free withdrawals by giving us 60 days’ notice. You can also have instant access to your money but you will be charged 60 days’ interest on the amount you withdraw.

How can I open an account with The Nottingham?

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.

Additional information

This account may be withdrawn at any time.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.

Limited access savings account from The Nottingham

Download key product information

Account name	Branch Notice.
What is the interest rate and is it fixed?	*Annual interest is 2.30% gross 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 penalty-free withdrawals by giving us 60 days’ notice. You can also have instant access to your money but you will be charged 60 days’ interest on the amount you withdraw.
How can I open an account with The Nottingham?	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.
Additional information	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.

Open a savings account today

To open an account, call your local branch and speak to an adviser who can book an appointment for you. If you'd prefer to open an account online, take a look at the accounts that our friends over at Beehive Money currently have.

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Current interest rates from 24 May 2023

Balance	Gross p.a./AER*
£1 - £750,000	2.30%

Previous interest rates from 30 Mar 2023

Balance	Gross p.a./AER*
£1 - £750,000	2.15%

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.

Find your nearest branch

How to save money fast

From everyday swaps that will save you a packet to tips on grabbing freebies and tactics to save money without even knowing it. Find them all out here.

Find out how

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.

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