This is a description of the account type, for example fixed rate or easy access savings.
This is the person or persons who are named on and in charge of an account.
Annual Equivalent Rate (AER)
Annual Equivalent Rate (AER) is designed to make savings accounts easier to compare and assumes you keep your funds in a savings account for a year. It shows you what the earnings would be on your account if the interest earned was reinvested in the account each year.
Data Protection Act (DPA)
Easy access account
Easy access accounts allow withdrawals to be made quickly and easily into your nominated account without notice or immediate penalty. These accounts will usually have lower interest rates than accounts that do not allow you to withdraw your money.
Financial Services Compensation Scheme (FSCS)
The FSCS protects your investment if your bank or building society becomes unable to repay it. Beehive Money is a trading name of Nottingham Building Society which is a participant in this scheme, which is part of the Financial Services Act. As a customer of the Nottingham Building Society group, your... 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. 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... Read More