Member Rewards Bond Issue 6

We're committed to helping you save money and that's why we've launched our Member Rewards Bond Issue 6, an exclusive branch-based fixed rate savings account only available to qualifying members

If you are a qualifying member and can resist the urge to dip into the account until 31st January 2021 we'll pay you a fixed** rate of interest at 1.40% gross p.a./AER*.

Account details

  • Exclusive account for qualifying members

  • Branch only savings offer

  • Limited issue - may be withdrawn at any time

  • A fixed** return on your investment

  • £500 required to open an account

  • No withdrawals

Summary table

Account name

Member Rewards Bond Issue 6

Interest rates (AERs)

1.40% gross rate p.a./AER* until 31st January 2021

Tax status

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

Conditions for bonus payments

No bonus payable

Withdrawal arrangements

No withdrawals allowed

Access

Branch

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

Download key product information

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Find out what exclusive benefits are available to you

If you have a savings balance of at least £500 and have either held one of our savings accounts for at least the last 12 months or currently have a Nottingham Building Society mortgage, you can benefit from a range of offers.

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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Rates and account details

Your interest

We will pay your interest on 31st January each year until it matures in 2021. We can pay it straight into your Member Rewards Bond Issue 6, 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.

Managing your account

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 please make sure you won't need access to it before then. You must keep £500 in your account at all times.

What happens when the term ends?

Shortly before your account matures we will write to you with details of a replacement product if one is 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.

Operating an account

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.

Use our savings calculator to find out how your savings might grow over the months.

Fee free mortgage advice for members

As a qualifying member you can access fee free mortgage advice from Nottingham Mortgage Services, a service which typically costs £249. Nottingham Mortgage Services advisers will search over 50 lenders to find the right mortgage for you - whether you're a first time buyer, remortgaging or getting a rental property. And as a qualifying member you can pass on this benefit to a family member.

Current interest rates from 15 Jul 2019

Balance Gross rate / AER*
£500 - £750,000 1.40%

*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. 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. 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.

+The net rate(s) shown assume(s) income tax at the lower rate of 20% has been taken off.

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