Fixed rate savings account from The Nottingham
Our Fixed Rate Issue 316 is fixed until 31/10/2025 and can be opened in any of our branches with a minimum of £500. This is a limited issue, branch based account which could be withdrawn at any time.
Account name |
Fixed Rate Issue 316. |
What is the interest rate and is it fixed? |
The annual interest is 4.75% gross p.a./AER* and is fixed until 31/10/2025. 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 Once the account is withdrawn you won't be able to pay any more into your account.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 31/10/2025. |
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. |
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. |
Additional information |
This account may be withdrawn at any time. 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. You can read our savings terms and conditions here. |