1.45% fixed rate savings account

With a minimum of £500 you can open a Fixed Rate Issue 185. This account offers you a set amount of interest providing you don't need to withdraw during the fixed period of time. If you can put your money away until 30th November 2024 we'll pay you a fixed** rate of interest at 1.45% gross p.a./AER*. This is a limited issue account which could be withdrawn at any time.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  • Limited issue – may be withdrawn at anytime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


  • £500 required to open an account


Summary table

Account name

Fixed Rate Issue 185

What is the interest rate and is it fixed?

Annual interest is fixed at 1.45% and is gross p.a./AER* until 30th November 2024

Will I be taxed on the interest?

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

Is there a bonus on this account?

No, there is no bonus payable on this account

Can I withdraw money?

Withdrawals aren't allowed until the account matures on 30th November 2024

How can I open an account with The Nottingham?

To open a Fixed Rate Issue 185, call your local branch to speak to an adviser. They'll arrange a time for you to pop in and open your account

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

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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 Issue 185 you must:

  • Be a UK resident
  • Be aged 7 or over - any account opened by a member under 7 must be opened in trust
  • 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 invest up to £750,000 whilst the account is still available.

Fixed rate accounts are only available for a limited period and once the account is withdrawn you won't be able to pay any more into your account.

Taking money out

With a Fixed Rate Issue 185 you cannot withdraw any money from the account until it matures on 30th November 2024 - 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 Branch Instant Issue 2, or an alternative account we consider appropriate at the time. The Branch Instant Issue 2 is an easy access account so you have instant access to your savings whenever you need it.


Rates and account details

Find out more about how a Fixed Rate Issue 185 works below.

When will my interest be paid?

Your annual gross interest will be paid on 30th November every year until the account matures in 2024. It can be paid into your account, into another account with The Nottingham or to another bank or building society account. 

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

Current interest rates from 12 Aug 2019

Balance Gross p.a./AER*
£500 - £750,000 1.45%

* 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.

** 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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