This is a description of the account type so for example fixed rate or easy access savings.
Annual Equivalent Rate (AER)
This shows you what the earnings would be on your account if the interest earned was reinvested in to the account each year.
Data Protection Act (DPA)
The DPA gives individuals certain rights regarding information held about them. It places obligations on those who process information (data controllers) while giving rights to those who are the subject of that data (the customer).
Easy access account
An account that allows you to make a withdrawal at any time, without having to give notice.
Financial Services Compensation Scheme (FSCS)
This protects your investment if a building society becomes unable to repay it. Nottingham Building Society is a participant in this scheme, which is part of the Financial Services Act. We are a participant of the Financial Services Compensation Scheme that was established under the Financial Services... Read More
Fixed rate account
The interest rate on your savings account remains the same until a specific date.
Interest is paid on your savings without any deductions for income tax.