Fixed Rate ISA Issue 42

With a minimum of £500 you can open a Fixed Rate ISA Issue 42. You can pay in as much as you like up to the annual tax allowance (currently £20,000) while the issue is open. This is a limited issue, branch based account and could be withdrawn at any time.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  • Limited issue - may be withdrawn at any time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 42

Interest rates (AERs)

1.35% tax-free p.a./AER* fixed** to 14th May 2022

Tax status


Conditions for bonus payments

No bonus payable

Withdrawal arrangements

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 Subject to a charge of 180 days' interest on the amount withdrawn



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.

Key product information

Download key product information

Want to discuss one of our savings products?

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

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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  • 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 42 on 14th May each year until your account matures.

Paying money in

The minimum amount to open an account is £500. You can pay up to £20,000 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 day that we receive your funds electronically from your current ISA provider, or from the second day that we receive a transfer cheque. 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 (£20,000) 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 £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.

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

Exclusive rewards for members

We're committed to helping you save money, buy your own home and plan for a more secure financial future - whatever challenges life throws. If you have a savings balance of at least £500, and either have held one of our savings accounts for at least the last 12 months or currently have a Nottingham Building Society mortgage, you can benefit from a range of offers.

Current interest rates from 13 Mar 2019

Balance Tax-free p.a. / AER* Net rate
£500 - £750,000 1.35% 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 re-invested 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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