What is the interest rate and is it fixed?

Annual interest is 5.00% tax-free 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, the interest you'll receive will be tax-free.

How much can I save in this account?

You will need a minimum of £10 and a maximum of £2,400 to open an account. Thereafter, you can deposit up to £1,600 per month. You can pay in as much as you like up to the annual ISA allowance (£20,000 for the current tax year) while the issue is open. Transfers in are not permitted.

Can I withdraw money?

Withdrawals aren't allowed until the account matures on 5th April 2024, however you are permitted to transfer the total balance of this account to a new ISA provider. There will be a charge of 180 days’ interest on the amount transferred.

How can I open an account with The Nottingham?

To open an account you must be 16+ and meet our ID requirements. Call your local branch and speak to an adviser who can book an appointment for you.

Additional information

This account may be withdrawn at any time. You can read our savings terms and conditions here.

Are my savings 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. More information is available here.

Starter ISA from The Nottingham

Download key product information

Account name	Starter ISA Issue 11.
What is the interest rate and is it fixed?	*Annual interest is 5.00% tax-free 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, the interest you'll receive will be tax-free.
How much can I save in this account?	You will need a minimum of £10 and a maximum of £2,400 to open an account. Thereafter, you can deposit up to £1,600 per month. You can pay in as much as you like up to the annual ISA allowance (£20,000 for the current tax year) while the issue is open. Transfers in are not permitted.
Can I withdraw money?	Withdrawals aren't allowed until the account matures on 5^th April 2024, however you are permitted to transfer the total balance of this account to a new ISA provider. There will be a charge of 180 days’ interest on the amount transferred.
How can I open an account with The Nottingham?	To open an account you must be 16+ and meet our ID requirements. Call your local branch and speak to an adviser who can book an appointment for you.
Additional information	This account may be withdrawn at any time. You can read our savings terms and conditions here.
Are my savings 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. More information is available here.

Open a savings account today

To open an account, call your local branch and speak to an adviser who can book an appointment for you. If you'd prefer to open an account online, take a look at the accounts that our friends over at Beehive Money currently have.

Could you benefit from a new mortgage deal or are you looking for advice from an expert?

To find you the right deal Mortgage Advice Bureau will look at mortgages from over 90 lenders such as Barclays, Santander, NatWest, Nationwide Building Society, Halifax and many more. Request a call back from one of their expert advisers or visit your nearest building society branch to see what your options are.

Current interest rates from 6th April 2023

Balance	Tax-free p.a./AER*
£10 - £20,000	5.00%

How do I open an account?

To open one of our savings accounts call your local branch to speak to an adviser. They'll talk you through the process of opening a branch based account.

Find your nearest branch

Tax-free savings

Saving is even more rewarding when you don't pay tax on the interest you earn. Most people can already earn some interest from their savings without paying tax.

Find out more

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.