What is the interest rate and is it fixed?

The annual interest is variable and currently set at 3.35% 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?

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.

Is there a bonus on this account?

No, there is no bonus payable on this account.

Can I withdraw money?

Yes, you can make as many unlimited penalty-free withdrawals as you wish.

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.

Children's savings account from The Nottingham

Download key product information

Account name	Young Savers' Club.
What is the interest rate and is it fixed?	*The annual interest is variable and currently set at 3.35% 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?	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.
Is there a bonus on this account?	No, there is no bonus payable on this account.
Can I withdraw money?	Yes, you can make as many unlimited penalty-free withdrawals as you wish.
How can I open an account with The Nottingham?	To open an account call your local branch and speak to an adviser who can book an appointment for you.
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.

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.

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.

More information available here

Current interest rates from 24 May 2023

Balance	Gross p.a./AER*
£1 - £750,000	3.35%

Previous interest rates from 30 Mar 2023

Balance	Gross p.a./AER*
£1 - £750,000	3.20%

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

How to save money fast

From everyday swaps that will save you a packet to tips on grabbing freebies and tactics to save money without even knowing it. Find them all out here.

Find out how

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.

Find out more