1.10% fixed rate savings account

With a minimum of £500 you can open a Fixed Rate Issue 186. 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 28th February 2021 we'll pay you a fixed** rate of interest at 1.10% 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 This is a limited issue account which could be withdrawn at any time.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  • Limited issue – may be withdrawn at anytime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 186

What is the interest rate and is it fixed?

Annual interest is fixed at 1.10% and is gross p.a./AER* until 28th February 2021

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 28th February 2021

How can I open an account with The Nottingham?

To open a Fixed Rate Issue 186, 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

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

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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We have a range of savings accounts to suit everyone

We have a range of accounts we're sure will meet your savings needs, from ISAs to children's savers, fixed rates to easy access, regular savers to limited access bonds. We even have a Lifetime ISA for those savings towards their first home or retirement

Opening an account

In order to open a Fixed Rate Issue 186 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 186 you cannot withdraw any money from the account until it matures on 28th February 2021 - 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 186 works below.

When will my interest be paid?

Your annual gross interest will be paid on the last day in February every year until the account matures in 2021. 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 Nov 2019

Balance Gross p.a./AER*
£500 - £750,000 1.10%

* 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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If you would like to find out more about our products then call in to your nearest branch and talk to us about how we can help you.

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