Member Rewards Regular Saver

We're committed to helping you save money and that's why we've launched our Member Rewards Regular Saver, an exclusive account for qualifying members. This account is for customers who can commit to putting away a set amount of cash on a monthly basis. You’ll earn an annual bonus as long as you don’t make more than two withdrawals in an interest year.

Only qualifying members can benefit from this savings account. To qualify you need to have a balance of at least £500 and have either held one of our savings accounts for at least 12 months or currently have a Nottingham Building Society mortgage.

Account details

  • Exclusive account for qualifying members


  • Branch only savings offer


  • Save up to £500 every month


  • Interest paid annually on 31st March


  • Limited issue - may be withdrawn at any time


Summary table

Account name

Member Rewards Regular Saver

What is the interest rate and is it fixed?

The annual interest rate is variable and currently set at 1.60% gross rate p.a./AER* including conditional bonus

The annual interest rate is variable and currently set at 0.10% gross rate p.a./AER* excluding conditional bonus

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

Will I be taxed on the interest?

No, we'll 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 do I get the bonus payments?

Your bonus will be paid annually providing no more than two withdrawals are made in the interest year

Can I withdraw money?

Yes, you have instant access to your cash which can be withdrawn at any of our branches

How can I open an account with The Nottingham?

To open a Member Rewards Regular Saver simply 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. Subject to withdrawal conditions you can switch accounts at any point

Key product information

To find our more download the key product information guide

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

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Whether you're looking for help to buy your first home, want to know how best to save for a family or your retirement, or simply how to become a landlord, make The Hub your one stop blog for all your financial guidance

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 Regular Saver below.

In order to open an account you must:

If you want to find out more, get in touch with your nearest branch and our advisers will talk you through the benefits of a Member Rewards Regular Saver.


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.

You'll need at least £10 to open your account initially. You can make more than one payment in a month if you want to, but you must not pay in more than £500 in one calendar month.

Taking money out

You can make up to two instant access withdrawals in an interest year (1st April to 31st March) and still qualify for the bonus interest rate.

If you make more than two withdrawals in an interest year you will earn the basic rate without the bonus for the whole of that interest year. 


Rates and account details

Find out more about how a Member Rewards Regular Saver works below.

When will my interest be paid?

You'll earn an annual bonus if you don't make more than two withdrawals in an interest year. The interest year runs from 1st April to 31st March.

We will pay your annual interest into your Member Rewards Regular Saver on 31st March every year.

If you close your account, you will not qualify for the Member Rewards Regular Saver bonus rate in that interest year and your interest will be paid at the basic rate without the regular saver bonus.

Current interest rates from 29 Apr 2019

Balance Gross p.a./AER*
with
bonus
without
bonus
£10 - £750,000 1.60% 0.10%

*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.

Exclusive rewards for members

We're committed to helping you save money, buy your own home and plan for a more secure financial future - whatever challenges life throws. If you have a savings balance of at least £500, and either have 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.

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Find your local branch

If you would like to find out more about our products then call in to your nearest branch and talk to us about how we can help you.

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