What is the interest rate and is it fixed?

Annual interest is 4.05% gross p.a./AER* and is fixed until 31/07/2026. The interest on this account is fixed, which means the rate can’t be changed during the fixed period.

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.

How much can I save in this account?

You will need £500 to open an account and the balance must not fall below that amount. You can invest as much as you like up to £750,000 while the account is available. Once the account is withdrawn you won't be able to pay any more into your account.

Can I withdraw money?

Withdrawals aren't allowed until the account matures on 31/07/2026.

How can I open an account with The Nottingham?

There are no age restrictions to open this account. For individuals under the age of 7, the account must be held in trust. Call your local branch and speak to an adviser who can book an appointment for you.

Additional information

This account may be withdrawn at any time. You can read our savings terms and conditions here.

Are my savings 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. More information is available here.

Fixed rate savings account from The Nottingham

Download key product information

Account name	Fixed Rate Issue 282.
What is the interest rate and is it fixed?	*Annual interest is 4.05% gross p.a./AER and is fixed until 31/07/2026.** The interest on this account is fixed, which means the rate can’t be changed during the fixed period.
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.
How much can I save in this account?	You will need £500 to open an account and the balance must not fall below that amount. You can invest as much as you like up to £750,000 while the account is available. Once the account is withdrawn you won't be able to pay any more into your account.
Can I withdraw money?	Withdrawals aren't allowed until the account matures on 31/07/2026.
How can I open an account with The Nottingham?	There are no age restrictions to open this account. For individuals under the age of 7, the account must be held in trust. Call your local branch and speak to an adviser who can book an appointment for you.
Additional information	This account may be withdrawn at any time. You can read our savings terms and conditions here.
Are my savings 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. More information is available here.

Open a savings account today

To open an account, call your local branch and speak to an adviser who can book an appointment for you. If you'd prefer to open an account online, take a look at the accounts that our friends over at Beehive Money currently have.

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Current interest rates from 10 May 2023

Balance	Gross p.a./AER*
£500 - £750,000	4.05%

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.

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How to save money fast

From everyday swaps that will save you a packet to tips on grabbing freebies and tactics to save money without even knowing it. Find them all out here.

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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.

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