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  • Limited issue - may be withdrawn at any time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

Interest rates (AERs)

Annual interest 1.60% gross rate p.a./AER* including conditional bonus

Annual interest 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

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

Paid annually if no more than two withdrawals are made in the interest year

Withdrawal arrangements

Instant access

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

Want to discuss one of our savings products?

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

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 & account details
  • Managing your account
  • Opening an account

Your interest

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 regular saver bonus rate in that interest year and your interest will be paid at the basic rate without the regular saver bonus.

Paying money in


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

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.

How to open

To open an account you must:

Please note that only one Member Rewards Regular Saver can be opened per customer.

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.

Current interest rates from 29 Apr 2019

Balance Gross rate / AER* Net rate+
with
bonus
without
bonus
with
bonus
without
bonus
£10 - £750,000 1.60% 0.10% 1.28% 0.08%

*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.

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

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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