How much can I save in the account?
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. For branch-only accounts you can make unlimited transfers (either part or entire balances) of previous ISA subscriptions from any bank or building society up to £750,000.
Can I withdraw money?
Yes, you can make as many unlimited penalty-free withdrawals as you wish.
Will I be taxed on the interest?
No, the interest you'll receive will be tax-free.
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 This is a limited issue account which could be withdrawn at any time.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 branch savings terms and conditions and online savings terms and conditions here.
To open one of our savings accounts call your nearest building society branch to book an appointment.
Your 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.
To open this savings accounts call your local branch to speak to an adviser to book an appointment. You cannot open or manage this account online.
Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.
