Seasonal Saver

Our Seasonal Saver is a great way to encourage you to build up your savings. Whether you're looking to put away a little every month or the full amount on a regular basis, you should take advantage of this account that allows you to save up to £250 each month.

Access to exclusive membership

And don't forget, once you have a savings balance of at least £500 and held one of our accounts for at least a year, or currently have a Nottingham Building Society mortgage, you gain access to our exclusive member reward programme. This entitles you to some great offers and savings including fee free advice on whole of market mortgages from Nottingham Mortgage Services, financial advice and discounted home selling fees.


Account details

  • Branch only savings offer


  • Perfect for building up your savings steadily


  • Save up to £250 every month


  • Fixed term which ends on 30 November 2020


  • Limited issue


Summary table

Account name

Seasonal Saver

What is the interest rate and is it fixed?

The annual interest rate is variable and currently set at 2.50% gross rate p.a./AER*

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

Is there a bonus on this account?

No, there is no bonus payable on this account

Can I withdraw money?

No, withdrawals are not allowed on this account

How can I open an account with The Nottingham?

To open a Seasonal 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

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With a Lifetime ISA, you'll receive £1 from the Government for every £4 you save

It sounds too good to be true but this time it's not! If you’re saving for your first home or retirement and aged between 18 and 39 years you could earn up to £1,000 per year from the Government until you reach your 50th birthday.

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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Want to discuss one of our savings products?

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

Opening an account

Find out if you're eligible for a Seasonal Saver below.

In order to open an account you must:

Please note that only one Seasonal Saver can be opened per customer.

If you want to open an account or find out more information, simply get in touch with your nearest branch today and our advisers will be happy to help you.


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 however you must not pay in more than £250 in one calendar month.

Taking money out

As you won't be able to take any of your money out of the account until it matures on 30th November 2020, please make sure you won't need access to it before then.

What happens when the term ends?

Shortly before your account matures we will write to you with details of a replacement product if we have one available. 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 Seasonal Saver works below.

What is the interest rate and is it fixed?

The annual interest rate is variable and currently set at 2.50% gross rate p.a./AER*. A variable interest rate means it can go up or down. The basis on which we might change your interest rate is set out in our terms and conditions.

When will my interest be paid?

We will pay your annual interest into your Seasonal Saver on 30th November each year until your account matures in 2020.

Current interest rates from 1 Oct 2019

Balance Gross p.a./AER*
£10 - £3,500 2.50%
*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.

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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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