Can I withdraw money?
Yes, you can make as many unlimited penalty-free withdrawals as you wish.
Will I be taxed on the interest?
We will pay your interest without tax taken off into this or another suitable account of your choice. 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.
Additional information
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. This is a limited issue account which could be withdrawn at any time. There are other savings accounts available with Nottingham Building Society and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point. You can read our online savings terms and conditions here.
Ready to start saving for what matters most to you? Registration to open your first Nottingham savings account is quick and only takes a few minutes. Then download our app and manage your account from your pocket.
To download the app and open an online savings accounts, scan the QR code if you're viewing on desktop or head to the App Store on Apple devices or Google Play on Android devices.
Opening a savings account should be straightforward and effortless. No long forms. No endless steps. Just a quick, hassle-free way to start hitting your savings goals.
This year we've received a 5-star rating from Moneyfacts, a trusted industry expert, for how easy it is to open one of our online savings accounts.
From your phone, tablet or computer, you’re only a few taps away from getting started. Why not see what all the fuss is about?
Open an online accountYour savings are covered by the Financial Services Compensation Scheme (FSCS), so your savings are protected. The scheme was set up by the government and is funded by the industry. Savers could get up to £85,000 if their bank or building society goes out of business.
Find out moreAs a mutual building society, you own us, not shareholders. That means we pass our profits and extra benefits directly to you instead of paying dividends.
If you're a UK resident aged 18+ you can open and manage this savings account online or in our app. You cannot open or manage this account in any of our branches.
Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.
