Regular Saver Issue 2

Our Regular Saver Issue 2 is for those customers who can commit to putting away a set amount of cash on a monthly basis. Save between £10 and £250 each month and earn a bonus at the end of the year.

Account details

  • Branch only savings offer


  • Perfect for building up your savings steadily


  • Save up to £250 every month


  • Interest paid annually on 30 June


  • Limited issue


Summary table

Account name

Regular Saver Issue 2

Interest rates (AERs)

Annual interest 2.00% gross rate p.a./AER* including 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



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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 1 July to 30 June.

We will pay your interest and any bonus you have earned on 30 June each year. Every year, we’ll send you a statement telling you how much interest you’ve earned, the rates that have applied to your account over the last year and the current rate of interest.

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 £250 in one calendar month. If you do, or you pay in less than £10, you’ll still earn interest but it will be at the basic rate (without the regular saver bonus) for the rest of that interest year.

Taking money out

You can make up to two instant access withdrawals in an interest year (1 July to 30 June) and still qualify for the regular saver bonus interest rate.

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


How to open

To open an account you must:
Please note that only one Regular Saver Issue 2 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.

Current interest rates from 18 July 2016

Balance Gross rate / AER* Net rate+
with
bonus
without
bonus
with
bonus
without
bonus
£10 - £750,000 2.00% 0.10% 1.60% 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.

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