We will pay your interest on 14 December each year until it matures in 2021. We can pay it straight into your Member Rewards Bond, into another account with The Nottingham or into another bank or building society account. Just let us know on your application form what you’d prefer us to do.
Every year we’ll send you a statement telling you how much interest you’ve earned.
Paying money in
The minimum amount to open an account is £500. 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Fixed rate accounts are only available for a limited period and once the account is withdrawn you won't be able to pay any more into your account.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
As you won't be able to take any of your money out of the account until it matures on 14 December 2021, please make sure you won't need access to it before then.
What happens when the term ends?
Shortly before your account matures we will write to you with details of a replacement product if they are available. 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.
How to open
To open an account you must:
Call your local branch and speak to one of our advisers and find out how you could benefit from a savings account.