eSaver Instant Issue 7

Have access to your money at any time with our online savings account. Open an account with £1,000 and save up to £250,000. Interest is paid annually.

Account details

  • Instant access online account


  • Unlimited withdrawals


  • Save from £1,000 - £250,000


  • Annual interest


  • Minimum age 16


Summary table

Account name

eSaver Instant Issue 7

Interest rates (AERs)

Annual interest 1.05% 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

Online

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



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

Your interest


We will pay your interest on 31 July each year into your eSaver Instant Issue 7. You will be able to withdraw your interest from 1 August.

To find out how much interest has been paid to your account, simply log in to your eSavings account and click on 'Statements'.

Nominated account
To open an eSaver Instant Issue 7 you must hold an account with another UK bank or building society which can be used to make electronic transfers into and out of your account.

Please note: We do not accept CHAPS payments. Your nominated bank or building society may have a set limit on Faster Payments, please discuss with them prior to making any transfers.

Paying money in

You can pay money into your account whenever you choose by simply sending us an electronic payment from your nominated account. 

We use the receipt of your first payment as part of the account validation process. If this payment does not comply with section 4 of the eSavings terms and conditions we reserve the right to refuse the payment which may result in the account not being opened and your funds being returned.

You need £1,000 to open an account and the most you can pay in is £250,000.

You will also need to maintain a minimum balance of £1,000 at all times in order to operate the account.

The minimum additional deposit once the £1,000 to open an account has been paid in is £1.

Taking money out

You can make unlimited penalty-free withdrawals whenever you choose by logging into your account online and following the simple instructions to transfer money to your nominated account electronically.

To operate the account you must maintain a balance of at least £1,000 at all times.

The minimum withdrawal amount is £1.

How to open

To open an account you must:


If you already have an eSavings account with The Nottingham log in and follow the on-screen instructions.  

Security


The security of your eSavings account is important to us, so you can be confident that we will keep your account and personal details safe. Your eSaver Instant Issue 7 is protected by a user ID and password. For an added level of security we’ll send you a code card. You will need your code card to make certain transactions such as taking money out of your account.

Current interest rates from 15 Mar 2017

Balance Gross rate / AER* Net rate+
£1,000 - £250,000 1.05% 0.84%

Current interest rates from 2 Mar 2017

Balance Gross rate / AER* Net rate+
£1,000 - £250,000 0.90% 0.72%
*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.

Apply Now for an online savings account

The information on this page forms the Product Terms and Conditions.

You can open an account online

Please click here to confirm that you have read the above 'eSavings terms and conditions' and 'Data protection policy'. The information on this page forms the product terms and conditions. We encourage you to keep copies for your records.

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