What is a regular savings account?

With a regular savings account, you can deposit money into the account each calendar month. Some regular savings accounts may reward you for your saving efforts with a bonus payment.

What are the benefits of a regular savings account with Nottingham Building Society?

If you're ready to start saving regularly, our range of regular savings accounts will benefit you. As the name of this account suggests, you will be asked to deposit into your account every month – some of our accounts come with a bonus payment or competitive interest rates in place as an incentive.

How is the interest on a regular savings account paid?

Interest is paid into a regular savings account annually. The date on which you will be paid interest will vary, depending on the type of regular savings account you have chosen. You will be able to find this information on the account factsheet.

Is my money safe in a regular savings account?

Yes, your money is safe in one of our regular savings accounts. The Financial Services Compensation Scheme (FSCS) is there to protect your money if your financial services provider goes out of business; you’ll normally get your money back within seven days. All of our savings accounts are FSCS protected up to £85,000 per depositor. FSCS is funded by the financial services industry, and is free to consumers.

Do I have to save into the regular savings every month?

This depends on the terms of the account, some regular savings accounts require you to deposit a sum of money every month.

Can I save in more than one regular savings account?

Yes, you can have more than one regular savings account.