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  • Limited issue - may be withdrawn at any time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

What is the interest rate and is it fixed?

The annual interest is fixed at 1.40% and is gross p.a./AER* until 31st January 2021

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

Is there a bonus on this account?

No, there is no bonus payable on this account

Can I withdraw money?

Withdrawals aren't allowed until the account matures on 31st January 2021

How can I open an account with The Nottingham?

To open your Member Rewards Bond Issue 6, call your local branch to speak to an adviser. They'll arrange a time for you to pop in and open your account

Additional information

There are other savings accounts available with The Nottingham and other banks and building societies

Key product information

To find out more download our key product information guide

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Want to discuss one of our savings products?

Visit a branch or call our customer service team to find out more about our accounts

We have a range of savings accounts to suit everyone

We have a range of accounts we're sure will meet your savings needs, from ISAs to children's savers, fixed rates to easy access, regular savers to limited access bonds. We even have a Lifetime ISA for those savings towards their first home or retirement

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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Opening an account

Find out if you're eligible for a Member Rewards Bond Issue 6 below.

In order to open an account you must:

If you'd like to know more, please call one of our customer service team who'll be happy to help. You can contact The Nottingham team on 0344 481 1225, via social media on Facebook or Twitter, fill out our enquiry form or speak to an adviser in person by visiting your local branch.

Managing your account

Find out more about the process of managing your account below.

Paying money in

You can pay money into your account at any branch using cash, a cheque or standing order.

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 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.


Rates and account details

Find out more about how a Member Rewards Bond Issue 6 works below.

When will my interest be paid?

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.

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 p.a./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.

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