Fixed Rate ISA Issue 22

With the Fixed Rate ISA Issue 22 you must keep a minimum of £500 in the account and can make unlimited deposits up to your annual ISA allowance each tax year (currently £15,240) while the issue is open and earn tax-free* interest. This is a branch based, limited issue account that could be withdrawn at any time.

Account details

  • Branch only savings offer


  • A fixed** return on your investment


  • Limited issue - may be withdrawn at any time


  • Earn interest tax-free*


  • £500 required to open an account


Summary table

Account name

Fixed Rate ISA Issue 22

Interest rates (AERs)

1.00% tax-free p.a./AER* fixed** to 31 October 2018

Tax status

Tax-free

Conditions for bonus payments

No bonus payable

Withdrawal arrangements

Transfers out to other ISAs only. Subject to charge of 180 days' interest on the amount withdrawn

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

You can view our full terms and conditions here



Want to discuss one of our savings products?

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

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

Your interest


We will pay your annual tax-free interest into your Fixed Rate ISA Issue 22 on 31 October each year until your account matures.

Every year we’ll send you a statement telling you how much interest you’ve earned.

Paying money in


The minimum amount to open an account is £500. You can pay up to £15,240 in new ISA subscriptions this tax year whilst the issue is open. You can also pay in any previous ISA savings whether from an existing Nottingham Building Society ISA or one with another bank or building society while the issue is open. If you transfer money from a previous tax years’ ISA, it won’t affect your ISA limit for the current tax year.

To transfer funds from another ISA provider, all you need to do is complete an ISA transfer authority form. There’s no need to tell your current provider that you are moving your money, we’ll do that for you and arrange the transfer.

You will start to earn interest on the amount you transfer from the second working day after we receive the transfer cheque from your current ISA provider. Under the HM Revenue and Customs (HMRC) guidelines your current provider is obliged to complete the transfer within 15 days of receiving the request from us.

If you would like to use your maximum ISA allowance (£15,240) 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

As this is a fixed rate account withdrawals are not allowed. However, you are permitted to transfer the total balance of this account to a new ISA provider.

Transfers out are subject to a charge equivalent to 180 days' interest - please consider this before opening this account.

You must keep at least this £500 in your account at all times.

How to open


To open an account you must:

This offer will only be around for a very limited time, so make sure you don't miss out.

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

Current interest rates from 4 July 2016

Balance Tax-free p.a. / AER* Net rate
£500 - £750,000 1.00% Tax-free

*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year.

** There's no guarantee that the current difference between our fixed rates and general rates will continue. General interest rates may fall below or rise above the fixed rate.

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