Fixed rate ISA - open with £500

With a minimum of £500 you can open a Fixed Rate ISA Issue 61. This account is fixed until 31st May 2023. You can pay in as much as you like up to the annual ISA allowance (£20,000 for the current tax year) while the issue is open. This is a limited issue, branch based account which could be withdrawn at any time. Find out more about the account below.

Account details

  • Branch only savings offer


  • Limited issue – may be withdrawn at anytime


  • A fixed** return on your investment


  • Earn interest tax-free*


  • £500 required to open an account


Summary table

Account name

Fixed Rate ISA Issue 61.

What is the interest rate and is it fixed?
Annual interest is 0.50% tax-free p.a./AER* and is fixed until 31st May 2023.

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?

No, however you are permitted to transfer the total balance of this account to a new ISA provider during the fixed rate period. Transfers out are subject to a charge equivalent to 180 days' interest.

How can I open an account with The Nottingham?

To open a Fixed Rate ISA Issue 61 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.

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

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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Opening an account

In order to open a Fixed Rate ISA Issue 61 you must:

  • Be a UK resident
  • Be aged 16 or over
  • Have a minimum deposit of £500
  • 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 £500 to open your account initially and you can transfer money from any other ISA account. 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. 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. Please be aware transfers are also subject to deposit limits.

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

With a Fixed Rate ISA Issue 61 you cannot withdraw any money from the account until after the fixed rate period, 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 of 180 days interest - please consider this before opening an account.

What happens when the term ends?

Shortly before your account matures we will write to you with details of a replacement product. If we do not hear from you, we will transfer your balance to an account called Cash ISA, or an alternative account we consider appropriate at the time. The Cash ISA is an easy access account so you have instant access to your savings whenever you need it. You will not be charged for withdrawing any money from the Cash ISA.


When will my interest be paid?

Your annual tax-free interest will be paid into your account on 31st May every year until the account matures in 2023.

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

Current interest rates from 11 Jan 2021

Balance Tax-free p.a./AER*
£500 - £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.

Find your nearest branch

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.

Find out more

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.

Read our ISA guide