Easy Access ISA

Our Easy Access ISA is a great way to take advantage of your tax-free ISA allowance whilst having control over your savings. You'll have instant access to your savings when you need it and you can make as many withdrawals as you like. You can pay in a lump sum or make regular smaller payments throughout the year, the choice is yours.

Read our ISA guide to find out more.

Account details

  • Branch only savings offer

  • Easy access to your savings

  • £10 required to open an account

  • Earn interest tax-free

  • Minimum age 16

Summary table

Account name

Easy Access ISA.

What is the interest rate and is it fixed?

Annual interest is 0.10% tax-free 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?

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

Is there a bonus on this account?

No, there is no bonus payable on this account.

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 a Easy Access ISA, call your local branch and speak to an adviser. All our branches are Covid-safe and practice safe social distancing with staff and members required to wear face masks. Our advisers will be able to discuss any concerns you may have. 

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

To find out more download our key product information guide.

Want to discuss one of our savings products?

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

Are you missing out on up to £1,000 a year?

If you're aged between 18-39 you could earn up to £1,000 per year in free cash from the Government (until your 50th birthday) to put towards your first home or retirement. For every £4 you invest, you will receive a £1 bonus

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.


Opening an account

In order to open an Easy Access ISA you must:

  • Be a UK resident
  • Be aged 16 or over
  • Have a minimum deposit of £10
  • Meet our ID requirements

Managing your account

Find out more about the process of managing your account below.

Paying money in

You’ll need at least £10 to open your account initially. You can pay further funds into the account, up to the ISA limit for the current tax year. If you don’t fund your account with your full allowance, you’ll limit the amount you can hold in a cash ISA in the current tax year as you will not be able to open or add to another cash ISA for the current tax year. We do not accept transfers from other ISAs into this account.

If you would like to use your maximum ISA allowance (£20,000 for the current tax year) by investing in a stocks and shares ISA too, we can offer this through our financial planning service. Please note that with a stocks and shares ISA, their value can fall as well as rise.

Taking money out

While you can make as many withdrawals from this account as you wish, there is an important rule to remember about Cash ISAs. Once you have invested up to the maximum allowed for the tax year, you can’t add any more to your ISA even if you make a withdrawal. For example, if you invest your maximum allowance on 6th April and withdraw £500 on 6th December during the same tax year, you would not be able to add any more to your account until 6th April the following year. However you can transfer your funds to a stocks and shares ISA and reinvest in a cash ISA as long as you don’t exceed the annual limit.

When will my interest be paid?

Your annual tax-free interest will be paid into your account on 5th April every year.

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

Current interest rates from 3 Nov 2020

Balance Tax-free p.a./AER*
£10 - £750,000 0.10%

Previous interest rates from 7 Oct 2019

Balance Tax-free p.a./AER*
£10 - £750,000 0.50%

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.

ISA guide

Our ISA guide will explain what a cash ISA is, how much money you can deposit each year and which types of ISA are available to you plus much more.

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.