Notice ISA Issue 2

Our Notice ISA Issue 2 is a great way to take advantage of your tax-free ISA allowance. There’s no need to tie your money up, you’ll have access to your savings by giving us 30 days’ notice, or if you need, you can make emergency withdrawals subject to an interest charge. You can pay in a lump sum or make regular smaller payments throughout the year, the choice is yours. With this ISA, you can also transfer previous ISA subscriptions from other providers.

Read our ISA guide to find out more

Account details

  • Branch only savings offer

  • Access to your savings by giving 30 days’ notice

  • Instant access subject to 30 days’ loss of interest on the amount withdrawn

  • Tax-free savings

  • £1 required to open an account

  • Limited issue – may be withdrawn at anytime

Summary table

Account name

Notice ISA Issue 2.

What is the interest rate and is it fixed?

The annual interest rate is variable and currently set at 0.50% p.a./AER*. The annual interest is tax-free.

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, the interest you'll receive will be tax-free.

Is there a bonus on this account?

No, there is no bonus payable on this account.

Can I withdraw money?

Yes, you can withdraw your money by giving us 30 days' notice. You can have instant access to your money in an emergency but you'll be charged 30 days’ interest on the amount you withdraw.

How can I open an account with The Nottingham?

To open a Notice ISA Issue 2 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 out more download the key product information guide.

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

Are you missing out on up to £1,000 a year?

If you're aged between 18-39 you could earn up to £1,000 per year in free cash from the Government (until your 50th birthday) to put towards your first home or retirement. For every £4 you invest, you will receive a £1 bonus

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.


Opening an account

Find out if you're eligible for a Notice ISA Issue 2 below.

In order to open an account you must:

  • Be a UK resident
  • Be over the age of 16
  • Have at least £1 to open your account with
  • Meet our ID requirements

Managing your account

Navigating your account is a straightforward process. Find out more about the regulations of the account here.

Paying money in

The minimum amount to open an account is £1. You can pay up to £20,000 in new ISA subscriptions this tax year. You can also pay in any previous ISA savings whether from an existing Nottingham Building Society ISA or one with another bank or building society. If you transfer money from a previous tax years’ ISA, it won’t affect your ISA limit for the current tax year. 

To transfer funds from another ISA provider, all you need to do is complete an ISA transfer authority form. There’s no need to tell your current provider that you are moving your money, we’ll do that for you and arrange the transfer. 

You will start to earn interest on the amount you transfer from the day that we receive your funds electronically from your current ISA provider, or from the second day that we receive a transfer cheque. Under the HMRC (HM Revenue and Customs) guidelines your current provider is obliged to complete the transfer within 15 days of receiving the request from us. 

If you would like to use your maximum ISA allowance (£20,000) by investing in a stocks and shares ISA too, we can offer this through our financial planning service

Please note that with a stocks and shares ISA, their value can fall as well as rise.

Taking money out

You can withdraw your money by giving us 30 days’ notice. You can have instant access to your money in an emergency but you’ll be charged 30 days' interest on the amount you withdraw. 

While you can make as many withdrawals from this account as you wish, there is an important rule to remember about cash ISAs. Once you have invested up to the maximum allowed for the tax year, you can’t add any more to your ISA even if you make a withdrawal. For example, if you invest your maximum allowance on 6 April and withdraw £500 on 6 December the same year, you would not be able to add any more to your account until 6 April the following year. However you can transfer your funds to a stocks and shares ISA and reinvest in a cash ISA as long as you don’t exceed the annual limit. 

You must keep at least this £1 in your account at all times.

Rates and account details

We will pay your annual tax-free interest into your Notice ISA Issue 2 on 5th April each year.

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

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.

Current interest rates from 7 Dec 2016

Balance Tax-free p.a./AER*
£1 - £750,000 0.50%

Previous interest rates from 24 Aug 2016

Balance Tax-free p.a./AER*
£1 - £750,000 0.75%
*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year. Interest rates are variable unless otherwise stated.

How do I open an account?

To open one of our savings accounts call your local branch to speak to an adviser. They'll arrange a time for you to pop in and open your account.

Types of savings accounts

With so many different types of savings accounts, it can be difficult finding the right one for you. Our savings guide explains the different accounts.

Savings FAQs

Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.