Fixed Rate Issue 195

With a minimum of £500 you can open a Fixed Rate Issue 195. 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 14th February 2022 we'll pay you a fixed** rate of interest at 0.55% 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 This is a limited issue account which could be withdrawn at any time.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  • Limited issue – may be withdrawn at anytime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 195.

What is the interest rate and is it fixed?

Annual interest is fixed at 0.55% and is gross p.a./AER* until 14th February 2022.

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 14th February 2022.

How can I open an account with The Nottingham?

To open a Fixed Rate Issue 195, 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.

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

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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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

Opening an account

In order to open a Fixed Rate Issue 195 you must:

  • Be a UK resident
  • Have a minimum deposit of £500
  • Meet our ID requirements.
There are no age restrictions - accounts for individuals under the age of 7 must be held in trust.


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 195 you cannot withdraw any money from the account until it matures on 14th February 2022 - 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 195 works below.

When will my interest be paid?

Your annual gross interest will be paid on 14th February every year until the account matures in 2022. 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 4 Aug 2020

Balance Gross p.a./AER*
£500 - £750,000 0.55%

*Interest is paid annually. 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. Gross: Is the interest rate without tax deducted. 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. 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.

How do I open an account?

To open one of our savings accounts call your local branch to speak to an adviser. They'll arrange a time for you to pop in and open your account.

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.

Savings FAQs

Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.