Save your way with more freedom
2.05% tax-free p.a./AER
Women Walking Into Sea

This account might be right if you

  • want easy, flexible access to your money without affecting your ISA allowance.
  • want to transfer in ISA savings from another provider.
  • would like to benefit from your tax-free allowance.

This may not be right if you

  • want a fixed rate of interest.
  • want to open and manage your account online.

Flexible Easy Access ISA

Our Flexible Easy Access ISA is a type of cash ISA that allows you to withdraw and replace, in whole or in part, money within the same tax year, without losing your £20,000 annual ISA allowance. Please read our helpful flexible ISA guide and also the key product information to fully understand the terms and conditions of a flexible ISA.

Flexible ISA rules

  • Tax-free savings: Earn interest on your money, without paying tax on it.
  • Withdrawals: Withdraw and repay money in the same tax year without losing more of your ISA allowance.

Example:

    • Let’s say you pay in £10,000 into our flexible ISA.
    • You then withdraw £2,000 at some point within the tax year. 

The amount you can now put in during the same tax year is:

    • £12,000 (The remaining £10,000 plus the £2,000 you took out).
    • With flexible cash ISA rules, you can put that £2,000 back in later (as long as it’s in the same tax year) and still pay in up to your full ISA allowance limit (£20,000 for the current tax year).

  • Easy access: Take out money when you need it - no penalties or charges.
  • Peace of mind: Replace what you withdraw within the same tax year, and your tax-free ISA allowance limit stays the same.

Will I be taxed on the interest?

No, the interest you'll receive will be tax-free.

Additional information

The interest on this account is variable, this means that it can go up or down. The basis on which we might change your interest rate is set out in our terms and conditions. This is a limited issue account which could be withdrawn at any time. There are other savings accounts available with Nottingham Building Society and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point. You can read our branch savings terms and conditions here.

What is a flexible ISA?

A flexible ISA is a cash ISA that gives you more freedom with your savings. if your circumstances change, it allows you take money out and put it back in — without affecting your annual ISA allowance, as long as it’s done within the same tax year and replaced back into the same account.

Read more in our flexible ISA guide.

Read our flexible ISA guide

Good to know

Your savings are covered by the Financial Services Compensation Scheme (FSCS), so your savings are protected. The scheme was set up by the Government and is funded by the industry. Savers are protected up to £85,000 if their bank or building society goes out of business.

Find out more