Open a Young Savers Club in any of our branches today

It's never too early to start saving. With our Young Savers' Club you can teach your little ones the benefits of saving by getting them into the savings habit from an early age.

Account details

  • A special account for those aged 17 and under – no minimum age

  • Just £1 to open

  • Instant access withdrawals

  • Great for getting your kids into the savings habit

Summary table

Account name

Young Savers' Club

Interest rates (AERs)

Annual interest 0.75% 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

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

Not applicable

Withdrawal arrangements

Instant access



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

Download key product information

Discuss your savings in a COVID-safe branch

Call your local branch to discuss opening one of our accounts. All branches are COVID-safe and practice safe social distancing. Staff members are required to wear masks at all times.

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.

  • Rates & account details
  • Managing your account
  • Opening an account

Your interest

Your interest will be paid each year on 30th November.

Most of our young savers don't have to pay tax on their interest.

Paying money in

You can pay money in at any branch. Every time you put money into the account we will print this in your savings book so that you can see exactly how much you have saved up.

Taking money out

If you want to make a withdrawal, a parent or guardian will need to accompany you if you're:
  • aged under 7
  • aged 7 – 10 and want to take out more than £5
  • aged 11 – 16 and want to take out more than £250

How to open

To open an account you must:
If you're aged between 7 and 16 you can open the account yourself. If you're younger than 7 you will need to bring a parent or guardian with you.

All account openings will require a copy of the child's birth certificate. If, as the parent or guardian you are new to The Nottingham, you'll need to bring two forms of identification with you.

We'll give you the full terms and conditions when you open the account.

Call your local branch and speak to one of our advisers and find out how you could benefit from a savings account.

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 Gross p.a./AER*
£1 - £750,000 0.75%

Previous interest rates from 1 Sep 2016

Balance Gross p.a./AER*
£1 - £750,000 1.00%

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